monetary policy

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Abolishing the Federal Reserve

It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning
– Henry Ford, American Industrialist.

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Reading Hayek: liberty, capitalism and Austrian economics

Friedrich von Hayek (1899 – 1992) was a Nobel-prize winning economist and one of the most influential thinkers in politics and economics of the 20th century. He is famous for his work on what is commonly referred to as supply side or Austrian Economics: an alternative to ‘mainstream’ Keynesian business cycle theory.

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To be economically free, or not to be? That is the question.

Based in Canada, the Fraser Institute is often referred to as a “think tank”, and follows the motto “if it matters, measure it”. Initial efforts towards the Economic Freedom of the World (EFW) project began in 1989, with a meeting between Milton and Rose Friedman, and Michael Walker (founder of The Fraser Institute). The project is aimed at “clearly defining and measuring the consistency of institutions and policies with economic freedom for a large set of countries and territories”.

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Bank of Japan’s monetary policy: Japan and Australia

Last year on December 26th, Shinzo Abe assumed office as Japan’s current Prime Minister and immediately began fulfilling his electoral campaign promises of bringing sweeping economic reform and output growth to the world’s third largest economy. After suffering decades of lacklustre output and many failed attempts to induce growth, Abe’s policies, both currently implemented and in the pipeline, are the biggest things to hit Japan since Godzilla itself.

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The World this week with ESSA

Hand picked selection of economics content from around the web. This week: Europe, US election coverage, the RBA’s monetary policy and the cost of free range chickens. ESSA, 7 October 2012 World Economy Europe Greek Prime Minister Warns of Societal Collapse Like Weimar Germany; Citizens Storm Defense Ministry; – Global Economic Analysis Greece is politically …

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