Posts tagged with: Federal Reserve

Roberty P. Murphy at the 2014 Acton Lecture Series

Roberty P. Murphy at the 2014 Acton Lecture Series

On this edition of Radio Free Acton, we talk about sound money with economist and author Robert P. Murphy. What is money? Why does it have value? What happens when a government detaches the value of money from gold or other commodities? We look at these questions, find out what our dollars are really worth, and look at ways to restore the value of our money.

You’ll recall that Murphy was a guest of Acton a few weeks ago and delivered an address as part of the 2014 Acton Lecture Series. You can check out the video of his talk at that link, and listen to the Radio Free Acton podcast via the audio player below.

Blog author: jwitt
Monday, December 7, 2009
By

My essay in today’s American Spectator Online looks at why Ben Bernanke should not be confirmed to a second term as Chairman of the Federal Reserve:

Two planks in Bernanke’s recovery strategy: Expand the money supply like a banana republic dictator and throw sackfuls of cash at failed companies with a proven track record of mismanaging their assets. The justification? According to the late John Maynard Keynes, this is supposed to restore the “animal spirits” of the cowed consumer, the benighted creature who foolishly imagines that after a period of prodigality and mismanagement, maybe a country should rediscover its inner Dave Ramsey.

The full essay is here.