Greece and the West’s Monetary Sin

by Carmen Elena Dorobăț, at Mises Wire.

The stability of the Eurozone is back in the spotlight this week amidst Greece’s talks with its creditors — which seem to be going nowhere good. Some, like the UK, seem relieved at not having entered in…

Perhaps it is worth considering that the monetary system is not based on anything substantial or tangible, and has not been since 1913. Before then the value of the dollar was pretty stable, not so much since. Finally, with a system that is built around monetary manipulation, it only makes sense that those closest to those manipulations will be the…

Weekend Reading: Ben Bernanke: Monetary Policy in the Future

Ben Bernanke: Monetary Policy in the Future: “The FOMC has given the public extensive guidance… setting a symmetrical inflation target of 2 percent and reporting each quarter FOMC participants’ estimates of the sustainable…