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LIFE IN THE GULAG:A PROPERTY RIGHTS PERSPECTIVE
PROPERTY RIGHTS PERSPECTIVE modern economic theory
2008/12/8
No, it isn’t done especially to torture people. A sentenced prisoner
is a laboring soldier of socialism, so why should he be tortured?
They need him for construction work.
—Aleksandr I. Solzhenitsy...
CENTRAL BANKING AND THE FED:A PUBLIC CHOICE PERSPECTIVE
CENTRAL BANKING public choice Federal Reserve system
2008/12/5
This paper examines central banking in general and the Federal
Reserve system in particular from the perspective of the theory of
public choice. It is common to rationalize central banking as being
...
FEDERALISM:A MARKET ECONOMICS PERSPECTIVE
MARKET ECONOMICS PERSPECTIVE U.S. Constitution FEDERALISM
2008/12/4
Two very good years were 1776 and 1787. The first of these years
saw the publication of Adam Smith’s Wealth of Nations and the
Declaration of Independence, two ofthe most influential documents
in W...
A PUBLIC CHOICE PERSPECTIVE OF THE BANKING ACT OF 1933
BANKING ACT modern banking regulation PERSPECTIVE
2008/12/4
Against a background of an unprecedented number of commercial
bank failures, the Banking Act of 1933 laid out the basic framework
of modern banking regulation in the United States. Among its other
...
KEY EXCHANGE RATE REGIMES:A CONSTITUTIONAL PERSPECTIVE
EXCHANGE RATE CONSTITUTIONAL PERSPECTIVE international monetary reform
2008/12/3
After a decade and a half of experience with the widespread use of
flexible exchange rates among the major industrial countries, wehave
learned a great deal. But disputes about exchange rate policie...
A PUBLIC CHOICE PERSPECTIVE ON THE CYCLE IN MONETARY POLICY
monetary policy monetary policy PUBLIC CHOICE
2008/12/2
The purpose of this paper is to develop a theory of the cycle in
monetary policy and, thereby, to suggest a direction for those who
would seek an answer to Bennett McCallum’s question. In this cycle...
BANKING, SECURITIES, AND COMMERCE:A EUROPEAN PERSPECTIVE
BANKING SECURITIES COMMERCE EUROPEAN PERSPECTIVE
2008/11/25
In a large number of countries, long-standing laws and customs
separating commercial banking from securities activities are being
removed or their effectiveness is being eroded by market pressures.
...
INTERNATIONAL RESCUES VERSUS BAILOUTS:A HISTORICAL PERSPECTIVE
INTERNATIONAL RESCUES global financial architecture PERSPECTIVE
2008/11/13
Recent events in Asia and other parts of the globe have prompted
calls from many quarters for international rescue of the monetary or
fiscal authorities of distressed countries, not only the current...
EXCHANGE RATE SYSTEMS IN PERSPECTIVE
EXCHANGE RATE SYSTEMS PERSPECTIVE economic policy exchange rate regime
2008/11/12
As an economic policy, the choice of an exchange rate regime has
been oversold. That choice pales in comparison with establishing a
legal system that carefully defines property rights and creates an...
HIPAA AND HEALTH CARE FRAUD:AN EMPIRICAL PERSPECTIVE
Health Insurance Portability and Accountability Act HEALTH CARE FRAUD whistleblowers
2008/11/10
The Health Insurance Portability and Accountability Act passed
Congress nearly unanimously in 1996. When HIPAA was considered,
the focus of attention was portability. Little or no attention was paid...
A MONETARY HISTORY FROM A POLICYMAKER’S PERSPECTIVE
MONETARY HISTORY PERSPECTIVE POLICYMAKER money growth
2008/11/7
The introduction to A Monetary History starts with this sentence:
“This book is about the stock of money in the United States” (p. 3).
Milton Friedman and Anna Schwartz show convincingly that failur...
THE UNITED STATES AS A MONETARY UNION AND THE EURO: A HISTORICAL PERSPECTIVE
THE UNITED STATES HISTORICAL PERSPECTIVE MONETARY UNION
2008/11/7
The creation of the euro in January 1999 was a milestone in monetary
history. One currency supplanted the centuries old currencies of
12 sovereign nations, and the European Central Bank began conduc...
AN UNCONVENTIONAL PERSPECTIVE ON THE GREENSPAN RECORD
UNCONVENTIONAL PERSPECTIVE Federal Reserve Board Greenspan years
2008/11/5
On his nomination as chairman of the Federal Reserve Board, Ben
Bernanke stated, “My first priority will be to maintain continuity with
the policies and policy strategies established during the Gree...