http://www.catocampus.org/tag info@catocampus.org http://www.pjdoland.com/chai/?v=0.1 http://catocampus.pjdoland.com/tag/show/536.html By Lawrence H. White: "Critics have raised a number of theoretical and historical objections to the gold standard. Some have called the gold standard a "crazy" idea. The gold standard is not a flawless monetary system. Neither is the fiat money alternative. In light of historical evidence about the comparative magnitude of these flaws, however, the gold standard is a policy option that deserves serious consideration." 779@http://www.catocampus.org Fri, 08 Feb 2008 10:04:00 EST http://catocampus.pjdoland.com/tag/show/536.html By Tyler Cowen: "But when it comes to currencies, a higher value neither brings national success nor predicts future prosperity. The measure of a nation’s wealth is the goods and services it produces, not the relative standing of its currency." 700@http://www.catocampus.org Tue, 04 Dec 2007 15:57:00 EST http://catocampus.pjdoland.com/tag/show/536.html By Alvaro Vargas Llosa: "All in all, financial instability has been far greater since the creation of the Federal Reserve. What did the Great Depression teach us? Essentially that even with the best of intentions, it is impossible for the authorities to manage the supply of money in accordance with the exact needs of the economy." 697@http://www.catocampus.org Mon, 03 Dec 2007 14:57:00 EST http://catocampus.pjdoland.com/tag/show/536.html By Russell Roberts: "We’re used to shrugging off all sorts of rhetorical gobbledygook from our politicians. But when you hear U.S. presidential candidates start to mouth off about free trade, watch your wallet: A discredited 14th-century theory of economics is enjoying a dangerous renaissance in the 2008 campaign. " 677@http://www.catocampus.org Tue, 13 Nov 2007 10:14:00 EST http://catocampus.pjdoland.com/tag/show/536.html By Howard Baetjer, Jr.: "In the words of the great Milton Friedman, whose masterwork with Anna Schwartz, A Monetary History of the United States, did a lot to settle the matter, 'Inflation is always and everywhere a monetary phenomenon.' Unfortunately, many educated commentators have not learned this important truth." 568@http://www.catocampus.org Tue, 09 Oct 2007 22:08:00 EDT http://catocampus.pjdoland.com/tag/show/536.html By Stephen Slivinski: "Republicans could reform the budget rules that stack the deck in favor of more spending. Unfortunately, senior House Republicans are fighting the changes. The GOP establishment in Washington today has become a defender of big government." 479@http://www.catocampus.org Wed, 26 Sep 2007 14:57:00 EDT http://catocampus.pjdoland.com/tag/show/536.html "Advocates argue that new stadiums spur so much economic growth that they are self-financing: subsidies are offset by revenues from ticket taxes, sales taxes on concessions and other spending outside the stadium, and property tax increases arising from the stadium's economic impact. Unfortunately, these arguments contain bad economic reasoning that leads to overstatement of the benefits of stadiums." 408@http://www.catocampus.org Tue, 11 Sep 2007 08:22:00 EDT http://catocampus.pjdoland.com/tag/show/536.html By Gordon Tullock: "Once the concept of rent seeking was discovered - and defined as the outlay of resources by individuals and organizations in the pursuit of rents created by government - there followed a flourishing of research as relevant ideas began to disseminate throughout economics. It is now rare to find an issue of an economics journal that does not refer at least implicitly to the concept of rent seeking." 285@http://www.catocampus.org Wed, 29 Aug 2007 00:00:00 EDT