…rights. Taxes support economic growth. Governments use taxes to encourage economic growth in numerous ways such as maintaining a stable currency, enacting and enforcing laws that protect both workers and…

rdan Pujo Committee (1912-13) transcripts at the St. Louis Fed look interesting. In 1912, a special subcommittee was convened by the Chairman of the House Banking and Currency Committee, Arsene…

…Currency (OCC) had the power to investigate. In practice, this means that the laws were null and void, since the OCC has a lousy track record on such issues. Enforcing…

…“flight from the currency” by which he clearly means hyperinflation. He argues here and elsewhere that it is unwise to hope for a simple relationship between anything else and the…

rdan John Dugan speaks: TESTIMONY OF JOHN C. DUGAN COMPTROLLER OF THE CURRENCY before the COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS UNITED STATES SENATE March 19, 2009 It would…

By Divorced one like Bush This past weekend I wrote about the OCC, Office of the Comptroller of the Currency and 4 rulings that this office has made over the…

…in 2008 China exported 4 times as much to the United States as it purchased. Not only that, but because Chinese currency manipulations caused American goods and services to be…

rdan The St. Louis Fed includes the review on monetary policy. Figure 1 shows ‘currency in circulation’ to be basically flat at this time, which indicates much of the new…

…dollars, that is about 2 trillion. Of total assets, the Fed has 11,041 million in gold. It is possible that some of the Fed’s foreign currency holdings are old convertible…

Robert Waldmann Michael Kinsley suspects that the US government might decide to inflate its debt away. “Just three or four years of currency erosion at, say, 10 percent a year…