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Repatriation
Mises Daily
Author: Charles Oliver
Online Publish Date:
Category: Monetary Theory, Money and Banking, The Fed, Financial Markets, Global Economy, Money and Banks, U.S. Economy
Here is a news piece from Investor’s Business Daily (Nov. 23, 1998) dealing squarely with one of the most interesting monetary issues of the day. The author quotes some well-known Austrian economists to help sort it all out.   Are the vast amounts of U.S. currency held overseas a threat to the U.S. economy? Whether for spending or saving, most
Phillips Curve
Mises Daily
Author: Charles Oliver
Online Publish Date:
Category: Monetary Theory, The Fed, Money and Banks
Myths die hard, and in the case of the “Phillips Curve,” it has taken 20 years of obvious contrary evidence to convince many economists that there is no fixed inverse relationship between unemployment and price inflation. (Jeffrey Herbener of Grove City College has argued the relationship never existed, not even at the purely empirical level.) The