Archive for March 2nd, 2016

Understanding the US Treasury and Federal Reserve’s con game

March 2, 2016

Dan Sanchez of Mises Institute has this scathing post on the topic. It is on US Treasury/Fed but applies to most economies across the world.

Actually keeping all insights from Austrian school away from teaching, we all succumb to the noise around central bank independence. We don’t even question what is this independence when both the Treasury and central banks are part of the same setup. The independence bit looks like just a cover up act so that people don’t question the overall monetary operations which move from one govt dept to another seamlessly…

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How ideology has destroyed US economy over last 40 years..

March 2, 2016

J Bradford Delong says this based on his recent book on role of public policy ideology in decline of US economy:

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Switzerland under free banking -1851-1906.. (what about India’s free banking phase?)

March 2, 2016

The ongoing crisis is pushing more and more economies and economists to look at their economic and financial history.  As most modern eco and finance is failing, it is time to look at history. Atleast we wont be wrong with our predictions.

Stefan Gerlach and Peter Kugler analyse Swiss banking in the period – 1851-1906. This was a period of free banking as there was no Swiss National Bank. The banks were free to issue notes and manage the monetary system by themselves:

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