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By Doug French
The central bank has basically destroyed the business of risk, and commercial real estate remains a looming disaster. As a result, banks aren't lending to regular people. The economy increasingly relies on little more than newly printed money.
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By Robert P. Murphy
The impossibility theorem, developed by Nobel-winning economist Robert Mundell, paints a false tradeoff between the free movement of capital, fixed exchange rates, and effective monetary policy. Under a gold standard, all three are a possibility.
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By William H. Hutt
The salient fact, and one which most writers fail to stress, is that, insofar as the working people then had a "choice of alternative benefits," they chose the conditions which the reformers condemned.
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