Ben S. Bernanke
Monetary Policy in a World of Mobile Capital
(PDF, 12 pp., 60kb)
http://www.cato.org/pubs/journal/cj25n1/cj25n1-1.pdf
Ben S. Bernanke Profile
Washington Post, United States - Oct 24, 2005
24, 2004, President Bush nominated Ben S. Bernanke, chairman of
the president's Council of Economic Advisers, to succeed Federal
Reserve Chairman Alan Greenspan ...
Bush names another “free market” ally of Wall Street to ...
all 2,218 related »
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An Interdisciplinary Journal of Public Policy Analysis
Volume 25 Number 1, Winter 2005
International Monetary Reform and Capital Freedom
http://www.cato.org/pubs/journal/cj25n1/cj25n1.html
Bernanke Nominated as Chairman of Federal Reserve
President Bush nominated Ben Bernanke to chair the Federal
Reserve on Monday, replacing longtime Chairman Alan Greenspan.
Bernanke is a White House economic adviser and a former Fed
governor.
In the winter edition of the Cato Journal, Bernanke writes about
the role of "monetary policy in enabling economies to take
maximum advantage of the increasing openness and depth of
international capital markets" in the article "Monetary Policy
in a World of Mobile Capital."
Bernanke also gave the keynote address at Cato?s 2004 Monetary
Conference on international monetary reform and capital freedom.
In light of the coming confirmation hearings on the appointment
of Bernanke, Cato Chairman William Niskanen lays out some
important questions he?s likely to face.
Cato Scholar Testifies on the Constitutional Limits of the
Federal Government
Roger Pilon, founder and director of
Pilon's testimony is now available online.
http://www.cato.org/testimony/ct-rp102005.html
=================
POSTED AT:
http://disc.server.com/discussion.cgi?disc=149495;article=94614;title=APFN
NOTICE: IMPORTANT NEW CURRENCY INFORMATION
http://www.currencyalert.us/
RETAIL MERCHANTS AND CONSUMERS
READ THE FOLLOWING BULLETIN CAREFULLY!
THERE IS A NEW GOLD AND SILVER CURRENCY BEGINNING TO CIRCULATE
IN THE TAMPA BAY AREA
(GOLD/SILVER PIECES AND CERTIFICATES ARE CIRCULATING)
RETAIL MERCHANTS: YOU WILL SOON BEGIN TO SEE THIS NEW CURRENCY
COME IN YOUR DOOR. DO NOT REFUSE THIS NEW CURRENCY......IT IS
NOT COUNTERFEIT.....IT IS OLD FASHIONED, REAL, HONEST, gold and
silver MONEY (LIKE THE U.S. DOLLAR USED TO BE) AND IT CAN
BENEFIT YOUR BUSINESS IN A NUMBER OF WAYS !
CONSUMERS: YOU CAN USE THE NEW CURRENCY TO PROTECT YOUR WEALTH
AND INCREASE YOUR PURCHASING POWER!
LAW ENFORCEMENT: YOU SHOULD BE FAMILIAR WITH THE NEW CURRENCY
AND BE PREPARED TO HANDLE CALLS ABOUT IT FROM MERCHANTS AND
CONSUMERS UN-FAMILIAR WITH THE NEW CURRENCY WHO MAY THINK IT IS
COUNTERFEIT.
NOW YOU CAN LEARN HOW THIS NEW GOLD AND SILVER MONEY CAN BENEFIT
YOU AND YOUR COMMUNITY.
THIS IS THE OPPORTUNITY OF A LIFETIME TO HEAR:
Bernard von NotHaus - bernard@norfed.org
Monetary Architect
SPEAK ABOUT THE NEW GOLD AND SILVER CURRENCY HE DESIGNED AND
HAVE YOUR COPY OF HIS BOOK,
"The Liberty Dollar SOLUTION To the Federal Reserve"
PERSONALLY SIGNED BY HIM!
http://www.currencyalert.us/
CLICK:
$$ WHAT IS MONEY? $$
http://www.apfn.org/APFN/MONEY.HTM
==========================
-------- Original Message --------
Subject: CHECK THIS OUT!
Date: Mon, 24 Oct 2005 17:54:41 -0400
From: Henry Morgan henrymorgan@knology.net
To: # FREEDOM FORWARDS henrymorgan@knology.net
http://www.currencyalert.us
and pass it on!
========================
SNIP FROM:
http://www.cato.org/testimony/ct-rp102005.html
From Limited to Unlimited Government
The great constitutional change took place in 1937 and 1938,
during the New Deal, all without benefit of constitutional
amendment; but the seeds for that change had been sown well
before that, during the Progressive Era. 3 Before examining that
transition, however, I want to lay a proper foundation by
sketching briefly how earlier generations had largely resisted
the inevitable pressures to expand government. It is an
inspiring story, told best, I have found, in a thin volume
written in 1932 by Professor Charles Warren of the Harvard Law
School. Aptly titled, Congress as Santa Claus: or National
Donations and the General Welfare Clause of the Constitution,
this little book documents our slow slide from liberty and
limited government to the welfare state—and that was 1932! In
truth, however, Warren's despair over that slide
notwithstanding, the book is a wonderful account of just how
long we lived under the original design, for the most part,
before things started to fall apart during the Progressive Era.
And so I will share with the subcommittee just a few snippets
and themes from the book, along with material from other
sources, to convey something of a sense of how things have
changed—not only in the law but, more important, in the culture,
in our attitude toward the law.
When Thomas Jefferson wrote that it was the natural tendency for
government to grow and liberty to yield, he doubtless had in
mind his rival, Alexander Hamilton, for hardly had the new
government begun to operate when Hamilton proposed a national
industrial policy in his 1791 Report on Manufactures. 4 To
Hamilton's argument that Congress had the power to pronounce
upon the objects that concern the general welfare and that these
objects extended to “the general interests of learning, of
agriculture, of manufacturing, and of commerce," 5 Madison
responded sharply that "the federal Government has been hitherto
limited to the specified powers, by the Greatest Champions for
Latitude in expounding those powers. If not only the means, but
the objects are unlimited, the parchment had better be thrown
into the fire at once." 6 Congress shelved Hamilton's Report. He
lost that battle, but over time he won the war.
The early years saw numerous attempts to expand government's
powers, but the resistance mostly held. In 1794, for example, a
bill was introduced in the House to appropriate $15,000 for the
relief of French refugees who had fled to Baltimore and
Philadelphia from an insurrection in San Domingo, 7 whereupon
Madison rose on the floor to say that he could not "undertake to
lay [his] finger on that article of the Federal Constitution
which granted a right to Congress of expending, on objects of
benevolence, the money of their constituents." 8 Two years later
a similar bill, for relief of Savannah fire victims, was
defeated decisively, a majority in Congress finding that the
General Welfare Clause afforded no authority for so particular
an appropriation. 9 As Virginia's William B. Giles observed,
"[The House] should not attend to what... generosity and
humanity required, but what the Constitution and their duty
required." 10
Those early attempts to expand Congress's power, and the
resistance to them, centered on the so-called General Welfare
Clause of the Constitution, found in the first of Congress's 18
enumerated powers. 11 Hamilton argued that the clause authorized
Congress to tax and spend for the general welfare. Not so, said
Madison, Jefferson, and many others. South Carolina's William
Drayton put it best in 1828:
If Congress can determine what constitutes the General Welfare
and can appropriate money for its advancement, where is the
limitation to carrying into execution whatever can be effected
by money? How few objects are there which money cannot
accomplish! ...Can it be conceived that the great and wise men
who devised our Constitution... should have failed so
egregiously... as to grant a power which rendered restriction
upon power practically unavailing? 12
Stated differently—with reference to constitutional
structure—what was the point of enumerating Congress's powers if
any time it wanted to do something it was not authorized to do,
because there was no power granted to do it, Congress could
simply say it was spending for the "general welfare" and thus
make an end-run around the limits imposed by the doctrine of
enumerated powers? Enumeration would have been pointless.
FULL REPORT:
http://www.cato.org/testimony/ct-rp102005.html