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- Search found 10 items for:
- Capital and Interest Theory
- Money and Banks
- 2007
Mises Wire
Author:
Sudha R. Shenoy
Online Publish Date:
A correspondent on the LRC blog refers to the “.... ominous growth in dollar denominated debt instruments held by foreign central banks and foreign investors .. .the impact...when foreigners finally decide to shift their massive dollar holdings from...monetary debt instruments to goods of a non-monetary nature. When this process begins...[it]
Mises Wire
Author:
Robert Blumen
Online Publish Date:
As new money is created by the banking system, it enters the price system as the recipients spend it. As the prices of some goods rise, this should be captured in the CPI , right? Not necesssarily. New money does not impact all prices uniformly. And the CPI does not include all prices, only consumer goods prices, and even then unevenly. If the
Mises Wire
Author:
Christopher Westley
Online Publish Date:
...it’s easier to use the new $200,000 note issued by the RBZ . It is worth US$13 at the official exchange rate or $1 on the black market. Addendum : Lest anyone reading this blog harbor any doubts that the Zimbabwean central bank is anything less than an exemplary organization, let me assure you that you are wrong. I write this with confidence
Mises Wire
Author:
Robert Blumen
Online Publish Date:
As the mortgage-backed securities market meltdown accelerates, Bloomberg reports U.S. Urges China to Buy Mortgage-Backed Securities . According to the article, China buys some but not a lot of these instruments. The unfolding crisis in this sector is driven by a higher-than-expected default rates forcing a mark-to-market of securities whose value
Mises Wire
Author:
Jeffrey A. Tucker
Online Publish Date:
I was amazed that when Muhammad Yunus, head of the state-supported, quasi-socialist, regimentation-promoting Grameen Bank, received his Nobel Prize that free-market commentators bought into the propaganda. They threw their hats in the air, and their brains too. It reminded me of how conservatives all lauded Jack Kemp’s program for “home ownership”
Mises Wire
Author:
Jeffrey A. Tucker
Online Publish Date:
It’s interesting to look the producer price index and consider how extreme and relentless are price increases over time, and it strikes me that the lack of public outcry about this must represent some sort of price-trend acculturation that has taken place. We have come to expect it, the way we expect government to rob us of 30-40% of our income
Mises Wire
Author:
Justin M. Ptak
Online Publish Date:
ZIMBABWE’S tough-talking central bank chief Gideon Gono unveiled three new banknotes yesterday in the clearest sign yet that he is losing the battle against skyrocketing inflation. In a live TV broadcast, Dr Gono said he was introducing a Z$250,000 note, a Z$500,000 note and a Z$750,000 note. None of them is enough to buy a single loaf of bread.
Mises Wire
Author:
Jim Fedako
Online Publish Date:
Please alert your loved ones about the coming price deflation . Assuming that mainstream economists are correct, tomorrow’s sales signal the beginning of the end. Ah, yes, the quality of customer service during holiday shopping . Customer service is the result of consumer valuation of service versus price. Quality service is still available, but
Mises Wire
Author:
Jim Fedako
Online Publish Date:
It appears that the government of Zimbabwe is giving the Hungarian peng o, a run for its money (literally): Cash runs out in land where the bus fare is 1.6 m dollars Some sobering points: - October’s annualized inflation was 14,840%, up nearly double from September - The highest paper currency, the Z$200,000 note, has almost disappeared - Cash