Tag Archives: money supply

Dr. Ronald I. McKinnon: The Arab Spring & Loose Money at Federal Reserve

Don’t expect a synoptic approach from arcane specialists. Arnold Toynbee’s massive 12 volumes on the “Study of History” spells out the social and psychological relation between pusillanimity and the pathetic drive to fine a niche from which to survive.  This … Continue reading

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The Alternative Gnomes of Macro-finance: Dr. Allan Meltzer & Dr. Gerald P. O’Driscoll Jr.

I just love the contemporary students of Hayek and Ludwig von Mises in the names of Allan Meltzer and Gerard P.  O’Driscoll.  Dr. O’Driscoll is a former President of the Federal Reserve Bank of Dallas.  Both men continue to hammer … Continue reading

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Fundamentals Of Economic Growth

Money does not drive economic growth.  Investment does.  Growing the money supply in relation to production (read inflation) can influence investment and economic growth by lowering the price of money (interest rate) and by shifting more of the national income … Continue reading

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