money supply - Economics Students Society of Australia

money supply

A collection of 4 posts

The mayhem and dysfunction of India’s cash-free experiment

The mayhem and dysfunction of India’s cash-free experiment

India’s government took a huge gamble at the end of last year. At 8:00pm on November 8, 2016, Prime Minister Narendra Modi made an unscheduled television address in which he proclaimed a newfound intention to disrupt and eliminate illegal activity and terrorism within his country.[1] The announcement

The US Quantitative Easing experience

federal reserve

The US Quantitative Easing experience

Empirical results would argue that the Japanese Quantitative Easing (QE) program did not work. This inexplicably has not stop central bankers globally from adopting the program. The US’s Federal Reserve (the Fed) was one such central banker to turn to QE. So what have they done, does it differ

Low and steady wins the race

Low and steady wins the race

Following the 1979 OPEC crisis, governments from developed countries across the globe recognised the need to bring inflation – the rate of increase in prices over time – under control. Sparked by a decrease in oil output due to the Iranian revolution, oil prices rose from USD$15.85 to USD$39.

Economics in the pub: money supply and inflation

It was the summer of 2012 and I was at the pub enjoying myself with friends when I encountered an interesting young gentleman sporting a black t-shirt stamped with the slogan “911 was an Inside Job”. He was an acolyte of former US congressman Ron Paul and an avid listener