A series of developments in the U.S. economic environment in the 1980s has resulted in major changes in prevalent thinking about how monetary policy affects economic activity. One important part of this change simply reflects the heightened awareness, following the experience of disinflation early in the decade, that monetary policy is not neutral-that is,,that actions taken by h e central bank...

In cash-in-advance models, necessary and sufficient conditions for the existence of an equilibrium with zero nominal interest rates and Pareto optimal allocations place restrictions only on the very long-run, or asymptotic, behavior of the money supply. When these asymptotic conditions are satisfied, they leave the central bank with a great deal of flexibility to manage the money supply over an...

In this paper, we will present an explicit construction of Harvey Friedman which to every finitely generated group G associates a 2-generator subgroup KG 6 Sym(N) such that G embeds into KG and such that if G ∼= H, then KG = KH .

from such questions at present. For this debate, see pro open immigration: Block (1998, 2004), Block and Callahan (2003), Gregory and Block (2007) Huerta de Soto (1998); anti open immigration: Brimelow (1995), Taylor (1998), Hoppe (1998, 2001), Kinsella (2005). III. Categorizing Friedman. With this overview, which hopefully will enable us to identify the players without a scorecard, we can now ...