Monetary Policy

Clinton’s Job Performance Puzzle

The pundits are bewildered over the public's apparently contradictory response to President Clinton during his recent troubles. Most people have a low opinion of his character. Yet at least 60 percent of those polled think he's doing a terrific job and should not resign. How can this be? Assuming the polling ... [click for more]

Book Review: Money and the Nation State

Money and the Nation State edited by Kevin Dowd and Richard H. Timberlake Jr. (New Brunswick, N.J.: Transaction Publishers, 1998); 453 pages; $24.95. For the entire 20th century, governments have fought a world war against gold as an international monetary standard. In its place, governments have imposed a system of monetary nationalism, with each government controlling and managing its own ... [click for more]
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