My friend and former professor Mark Thornton on the government shutdown drama.
Thornton also explains how the gold standard did and could provide fiscal discipline.
Showing posts with label Video. Show all posts
Showing posts with label Video. Show all posts
Wednesday, September 25, 2013
Monday, September 23, 2013
Peter Klein on Bernanke's Lack of Tapering
My friend and economist (some of my best friends are economists) has a few remarks about Bernanke's recent announcement that the FED will not begin tapering down its balance sheet that it has built up during its grade experiment in quantitative easing.
As always Klein presents some provocative insights about where we are economically, namely in the first stages of another cluster of destructive malinvestment. Wouldn't it be better, he asks, if capitalists and entrepreneurs could make investment and production decisions based on economic fundamentals and not have to forecast what one uber powerful central banker decides to do? He also comments on the Name-the-Next-Fed-Chairman game that is so popular these days. Klein is Executive Director and Carl Menger Research Fellow for the Ludwig von Mises Institute.
As always Klein presents some provocative insights about where we are economically, namely in the first stages of another cluster of destructive malinvestment. Wouldn't it be better, he asks, if capitalists and entrepreneurs could make investment and production decisions based on economic fundamentals and not have to forecast what one uber powerful central banker decides to do? He also comments on the Name-the-Next-Fed-Chairman game that is so popular these days. Klein is Executive Director and Carl Menger Research Fellow for the Ludwig von Mises Institute.
Saturday, December 8, 2012
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