Antony P. Mueller Archives
Nightmares of a Central Banker
The record of modern central banking is bleak. Serving as a bailout machine for the financial markets and as a reliable financier of the state, modern central banks by the very nature of their origin and existence do not curb the booms (which they could) and do not prevent recessions or depressions (which they would wish to do but cannot). Monetary policy suffers from the same faults as any other centralized economic policy and other forms of interventionism, and like all centralized economic policies and interventionist measures, the monetary policy of active central banks has been failing again and again. FULL ARTICLE
Dollars and Politics
The performance of the US economy in the 20th century owes much to the predominant role of the US dollar in the international monetary system, and a large part of attaining this role was the result of the political and military supremacy that the United States had gained after World War I. However, in a world where the economic strength of the United States is diminishing relative to other countries and regions, there will be less and less of a place for US dollar privilege. FULL ARTICLE
The Hidden Danger of Trade Deficits
Trade deficits indeed present no problem as long as they get financed, writes Antony Mueller. What will happen, however, when the United States is forced to reduce the deficit and needs to obtain surpluses in its foreign trade? The problem is not the trade deficit per se but how to get rid of it when foreign financing stops. FULL ARTICLE
Inflation and Deflation
March 1, 2006 9:20 PM
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Inflation and Deflation in Capital-based Macroeconomics
February 17, 2006 10:14 PM
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Report from the University Francisco Marroquin (UFM)
January 28, 2006 9:39 PM
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What's Wrong With Economic Growth
August 10, 2005 4:26 AM
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The Illusions of Hedonics
July 29, 2005 8:16 AM
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What's Behind the Trade Deficit Numbers?
July 1, 2005 8:13 AM
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Social Security and the Destruction of Capital
June 1, 2005 9:10 AM
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Why the Dollar is Falling
March 8, 2005 5:39 AM
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The Anquish of Central Banking 2005
February 23, 2005 5:33 AM
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Mr. Bailout
September 30, 2004 7:58 AM
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Fooled by the Numbers
September 13, 2004 7:59 AM
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Presentation at UFM
February 3, 2004 7:59 PM
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