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Institutional Evolution of Federal Reserve Hegemony
Federal Reserve Hegemony pre-Federal Reserve era
2008/12/8
If for any reason—and God grant itmay never be so—these
boards of control [in the 12 Federal Reserve Banks and the
Board of Governors] should lack the wisdom and the courage
to do their duty, we wo...
EVOLUTION OF THE INTERNATIONAL MONETARY MARKET
INTERNATIONAL MONETARY MARKET 1MM Milton Friedman
2008/12/3
Fromthe time Bretton Woods became effective, it was inevitable it
would break down. .. . It tried to achieve incompatible objectives:
freedom of countries to pursue an independent internal monetary
...
EvoLuTIoN OF FEDERAL INCOME TAx WITHHOLDING：THE MACHINERY OF INSTITUTIONAL CHANGE
FEDERAL INCOME TAx politico-economic regime Current Tax Payment
2008/11/21
Taxes are the backbone of any politico-economic regime. Constraints
on a government’s power to tax are constraints on its power
to act. Focusing on the legalization of mandatory federal income tax
...
ECONOMIC FREEDOM AND THE EVOLUTION OF LAW
ECONOMIC FREEDOM EVOLUTION private property rights
2008/11/14
Lon Fuller (1964: 30) defines law to be ‘‘the enterprise of subjecting
human conduct to the governance of rules.’’ The key components of
economic freedom arise through such an enterprise when instit...
MELTZER’S HISTORY OF THE FEDERAL RESERVE AND THE EVOLUTION OF CENTRAL BANKING
FEDERAL RESERVE CENTRAL BANKING EVOLUTION
2008/11/9
The Great Monetary Paradox
Most conventional economists are very much aware of markets.
Indeed, a sound understanding of the function of markets and prices
is what distinguishes economists from eve...