The Federal Reserve makes mistakes in monetary policy and causes business cycles. A free market solution to the failure of central economic planning is competition in money and banking. A second currency, the "Gold Eagle," should be issued and allowed to compete with the dollar. (SR)

Financial crises seem to have become the norm rather than the exception since 1992. The author examines the impact of a crisis of confidence and resultant capital outflows from a small and open economy and the possible policy options in response to such outflows, using simple tools and definitions that will be familiar to any money and banking or…

Provides suggestions for teaching the topic of triangular arbitrage in foreign currency exchange, which is not adequately addressed in finance textbooks. (SK)

This paper investigates changing attitudes towards the euro over time in Germany using longitudinal micro-data from the German Socio Economic Panel Study. We observe that a large part of the German population was worried about the new currency both before and after its introduction. Social psychological theories provide insight into these…

This study compares three methods of instruction...to test their effectiveness in teaching the new British decimal currency stystem." (Author/AK)

The article discusses the success of a training program, the purpose of which was the preparation for the changeover to decimal currency in England. (MF)

In 3 experiments, the authors investigated learning of the value of money from product prices in an unfamiliar currency when the prices are proportional to quantity. In support of the second stage of a hypothesized 2-stage process of learning, Experiment 1, in which 32 undergraduates participated, shows that response times for inferences of…

A 117-item annotated bibliography of books, articles, essays, lectures, and reviews by economist Ludwig von Mises is presented. The bibliography is arranged chronologicaly, and is followed by an alphabetical listing of the citations, excluding books. An index and information on the Ludwig von Mises Institute at Auburn University (Alabama) are…

Examined are the quantity theory of money and the recent application of monetary policy in Japan, the United Kingdom, and the United States. In all three countries, the reduction of monetary growth has reduced inflation. (Author/RM)

Discussed is how the United States' administration or lack of administration of the overseas dollars can create tremendous problems for the rest of the world. An overly strong dollar can be a corrosive influence on economic activities and employment globally. (RM)

Although recent research strongly suggests that L. Frank Baum did not write "The Wonderful Wizard of Oz" as a monetary or political allegory, the Populist-parable interpretation of his book remains a tremendous teaching tool in economics classes. The author offers some background on the rise and fall of the Populist interpretation, in recognition…

This article discusses the language related to electronic money in the Finnish media. The approach is linguistic and the theoretical framework is critical discourse analysis. The samples used in the analysis are from financial newspaper articles. The purpose is to compare the terminology used for traditional money with that used for electric…