Lenin Was Right
Posted in Document on 29 January 2010
Stats: 191 views and 1 Comment In this essay Henry Hazlitt wanted to show the hidden costs of monetary interventions into the market system and how they are particularly destructive.
Posted in Document on 29 January 2010
Stats: 191 views and 1 Comment In this essay Henry Hazlitt wanted to show the hidden costs of monetary interventions into the market system and how they are particularly destructive.
Lawrence W. Reed on Backbone America
Posted in Audio, Radio on 18 December 2009
Stats: 6 views and 2 Comments FEE President Lawrence W. Reed was a guest on Backbone Radio, hosted by John Andrews, on December 6, 2009. Andrews and Reed discussed the President's job summit, the Federal Reserve and myths about the Great Depression. (Download File)
Posted in Audio, Radio on 18 December 2009
Stats: 6 views and 2 Comments FEE President Lawrence W. Reed was a guest on Backbone Radio, hosted by John Andrews, on December 6, 2009. Andrews and Reed discussed the President's job summit, the Federal Reserve and myths about the Great Depression. (Download File)
Economic Distress on the Rise
Posted in News on 19 November 2009
Stats: 3 views and 4 Comments The Foundation for Economic Education (FEE) updated its Distress Index (DI) today in light of recent data released by the federal government showing an increase in the Consumer Price Index, which is commonly used to measure inflation. As a result the DI was raised to 59.7, the highest point since ...
Posted in News on 19 November 2009
Stats: 3 views and 4 Comments The Foundation for Economic Education (FEE) updated its Distress Index (DI) today in light of recent data released by the federal government showing an increase in the Consumer Price Index, which is commonly used to measure inflation. As a result the DI was raised to 59.7, the highest point since ...
The Gold Standard
Posted in 101, Economics on 6 July 2009
Stats: 15 views and No Comments The gold standard is a monetary arrangement whereby the currency in circulation is equivalent to a fixed value of gold. The gold standard was replaced by fiat currency, whereby the government or central bank is ultimately responsible for the value of the money. Until 1971, the U.S. dollar was fixed to the ...
Posted in 101, Economics on 6 July 2009
Stats: 15 views and No Comments The gold standard is a monetary arrangement whereby the currency in circulation is equivalent to a fixed value of gold. The gold standard was replaced by fiat currency, whereby the government or central bank is ultimately responsible for the value of the money. Until 1971, the U.S. dollar was fixed to the ...
The Fallacy of Money is Wealth
Posted in Articles, Not So Fast! on 28 January 2009
Stats: 150 views and 15 Comments In the “7 Fallacies of Economics” series, I have covered the fallacies of “collective terms” and “composition,” and now turn to the third fallacy: Money is Wealth. FEE president Lawrence Reed writes: The mercantilists of the 1600s raised this error to the pinnacle of national policy. Always bent upon heaping up ...
Posted in Articles, Not So Fast! on 28 January 2009
Stats: 150 views and 15 Comments In the “7 Fallacies of Economics” series, I have covered the fallacies of “collective terms” and “composition,” and now turn to the third fallacy: Money is Wealth. FEE president Lawrence Reed writes: The mercantilists of the 1600s raised this error to the pinnacle of national policy. Always bent upon heaping up ...
Inflation as Income Distribution
Posted in The Goal Is Freedom on 9 January 2009
Stats: 273 views and 17 Comments Sheldon Richman is the editor of The Freeman and "In brief," and author of "Fascism" in The Concise Encyclopedia of Economics. The Federal Reserve has been pumping hundreds of billions of newly created dollars into "the economy." Much of that money has been sent to Wall Street to ...
Posted in The Goal Is Freedom on 9 January 2009
Stats: 273 views and 17 Comments Sheldon Richman is the editor of The Freeman and "In brief," and author of "Fascism" in The Concise Encyclopedia of Economics. The Federal Reserve has been pumping hundreds of billions of newly created dollars into "the economy." Much of that money has been sent to Wall Street to ...
