faqs.org » Abstracts Index » Abstracts » Political science

Toward free-market money

Article Abstract:

An argument is presented to privatize the Federal Reserve Board and to make a transition to an economy where monetary policy is a function of market forces. Topics include a questioning examination of the necessity of the Federal Reserve Board, the benefits of currency competition, and recommendations to eliminate government bank regulation, including antitrust laws, and reforming tax laws so there is no preferences for economic transactions using dollars.

Evaluation

---

In what respects will the information age make central banks obsolete?

Article Abstract:

Issues concerning the impact information technology will have on the role of central banks are examined, focusing on five functions of central banks. Functions include issuing currency, acting as the banker's bank, regulating banks, loaning funds in situations of last resort, and conducting monetary policy; and the manner in which the private market can better perform those functions is discussed.

Management, Economic aspects, Financial services industry, Financial services, Information technology, Central banks

---

The choice of a monetary policy framework: lessons from the 1920s

Article Abstract:

Issues concerning the Federal Reserve Board's role in the Great Depression of the 1930s are examined, focusing on an argument that the Board's reliance on the real bills doctrine had adverse economic consequences and that had the Board accepted the quantity theory model of business cycles, it may have been able to prevent or reduce Depression.

History, Great Depression

Some parts © 2012 Advameg, Inc.