Tag Archives: US Federal Reserve

Going for gold: perils of entering the goldzone

Who would want the global monetary system to be at the mercy of the Bank of China?  Not conservative, free market types in the United States and elsewhere, one guesses. Actually, it turns out lots of them do; all the people who support some sort of return to the gold standard, who think that the […]

There is no such thing as just money

I have been doing a fair bit of reading in the history of money and monetary theory to try and understand money, particularly its origin and use. A thing reveals its nature through history, to understand the history of something is to much better understand it. I was aware that modern macroeconomics is bedevilled by […]

On the stupidity of (some) Central Banks – Guest post by Lorenzo

[LE: Regular commenter Lorenzo has written a post on what the role of central banks ought to be in setting financial monetary policy goals. He starts with some historical examples, and continues on to contemporary central banks. Part of the issue (as I read his post) is that people must get some idea of where […]