The Federal Reserve has a long history of creating aggregate demand bubbles in the United States. In the ramp up to the Lehman Brothers' bankruptcy in September 2008, the Fed not only created a classic aggregate demand bubble, but also facilitated the spawning of many market-specific bubbles....

By any exacting standard of transparency, most monetary authorities (hereafter MAs) are losers. Indeed, most MAs fail to make timely, full and fair disclosures of their financial positions. This allows them to operate under a thick shroud of secrecy. The ensuing confusion and ambiguity renders...

Most central banks use their websites intelligently. However, Steve Hanke and Michael Morgenstern from Johns Hopkins University find that some central banks are failing to pass elementary tests of transparency

Extreme inflation has led to economic collapse and political chaos in contemporary Russia. This book presents a radical solution to this problem - a currency board system - with details of how to establish and operate such a system