Tag Archives: money

Macroeconomic Policy

In Chapter 14 of Foundations of Economics, Shawn Ritenour discusses macroeconomic policy, focusing on the monetarist and Keynesian schools. He first outlines their tenets and then explains why he considers each a flawed approach to the questions of inflation and … Continue reading

Posted in Books, Economics | Tagged , , , , , , , , , , , , | Leave a comment

Inflation and Recession

Chapter 13 of Shawn Ritenour’s Foundations of Economics marks a significant change in the author’s approach. Up to this point, the discussion of economic phenomena has been purely descriptive. Ritenour follows Ludwig von Mises in arguing that economics as a … Continue reading

Posted in Books, Economics | Tagged , , , , , , , , , | Leave a comment

Money and Its Purchasing Power

In Chapter 12 of Foundations of Economics, Shawn Ritenour inally gives us a detailed discussion of “what makes the world go round.” For something that is universally used, it seems as though the understanding of money in our society is pretty … Continue reading

Posted in Books, Economics | Tagged , , , , , , , | 2 Comments

Gold: A Moral Money

Ben Bernanke has made worldwide headlines for the last week with his declaration that the Federal Reserve will print money like there’s no tomorrow in an attempt to keep interest rates low (the second round of quantitative easing in this … Continue reading

Posted in Current Events | Tagged , , , | Leave a comment