On Targeting the Price of Gold

Thanks to President ’s Trump’s picks for prospective Fed Board nominees, the subject of gold price targeting (or a gold “price rule”) is getting attention once again.The idea, which got a lot of attention back in the 1980s,after Arthur Laffer  and other supply-siders, includingAlan Reynolds, first began promoting it, is that the Fed could mimic a gold standard, keeping inflation in check and otherwise making the dollar “sound,” by employing open-market operations to stabilize the price of gold. The topic has come up again because three of Trump’s prospective nominees have at one time or another suggested that the U.S. should revive the gold standard, and two of them, Herman Cain and Stephen Moore,are full-fledged supply-siders. Although Cain and Moore are no longer in the running, Judy Shelton, the third gold standard fan, is still in the race (along withChris Waller of the St. Louis Fed), and she also has strong supply-side leanings.These factsprompted Representative Jennifer Wexton (D-Va.) to ask Jerome   Powell, following his July 10th testimony, whether the U.S. should “go back to the gold standard.” In response Powell, whether because he had a Laffer-style gold price-rule in mind or for some other reason, interpreted the question as one asking whether the Fed should “stabilize the dollar price of gold.” That, he said, wouldn’t be a good idea:There have been plenty of times in fairly recent ...
Source: Cato-at-liberty - Category: American Health Authors: Source Type: blogs

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We all have a friend or family member who just can’t seem to get out from under their accumulation of stuff. Their garage, guest bedroom and basement are packed, and you can’t see the top of the kitchen table. But when does “cluttered” become “hoarded?” We have all seen the sensationalized TV depictions of filthy homes that need to be condemned. But is that what hoarding really looks like?  And why can’t those folks just throw it all out? Today’s guest explains myths surrounding hoarding, treatment strategies and why we all might be at risk. SUBSCRIBE &REVIEW Gues...
Source: World of Psychology - Category: Psychiatry & Psychology Authors: Tags: Brain and Behavior Disorders General Interview LifeHelper Mental Health and Wellness Podcast Psychiatry Psychology The Psych Central Show Source Type: blogs
What can you do for yourself when you are feeling stressed? Often, the habits of a healthy lifestyle are also good for keeping stress at bay. They include exercising regularly, getting enough sleep, and eating in healthy ways.  Sometimes, though, the usual ways of coping with stress are just not effective. They are especially likely to be inadequate when we are experiencing more than ordinarily levels of stress, sadness, or grief. What can we do then?  Associate Professor Laurel Mellin of the University of California, San Francisco, addressed that question in the wake of the shootings at El Paso and Dayton that l...
Source: World of Psychology - Category: Psychiatry & Psychology Authors: Tags: General Stress Violence and Aggression Brain Training Emotional Intelligence mass shooting stress reduction Source Type: blogs
We hear a lot about the three trimesters of pregnancy. But many women (and even some medical professionals) know little about a newly described and critical time period in women’s lives that desperately needs our attention: the fourth trimester. As a practicing obstetrician-gynecologist, I know that the medical care of women before, during, and immediately after pregnancy has long focused on the goal of achieving a healthy pregnancy and a healthy baby. But too often, the fourth trimester — that time between birth and 12 weeks postpartum — is swept aside. For example, we encourage all women to start taking...
Source: Harvard Health Blog - Category: Consumer Health News Authors: Tags: Parenting Pregnancy Women's Health Source Type: blogs
Could the advancement of machine and deep learning algorithms be harnessed meaningfully in the area of mental health? Could depression, bipolar disorder, schizophrenia, or any other mental disorder be quantified so that technology could somehow add positively to their diagnostics or treatment? We tried to explore the uses of artificial intelligence in mental health care, and stumbled upon smart algorithms that support clinicians with early detection and diagnostics of mental health issues, with the flagging of suicide risks, and other ones that help patients manage their condition through counselling and constantly being t...
Source: The Medical Futurist - Category: Information Technology Authors: Tags: Future of Medicine AI artificial intelligence bipolar disorder chatbots future of psychiatry mental disorder mental health mental health disorders mental health issues moodkit pacifica schizophrenia suicide thriveport woebot Source Type: blogs
People living with autism are sensitive to the social world and the environment in general. They could experience great difficulties in social situations, have anxieties, fears, phobias, or sensory sensitivities. On the other hand, they could be on good terms with technologies: social stories apps can navigate them in difficult situations, virtual and augmented reality can offer a safe space for them to exercise, and artificial intelligence helps in early detection. We scoured the ground carefully and hereby present you the intersections of autism and digital health. Raymond Babbitt’s heritage and the chronicles ...
Source: The Medical Futurist - Category: Information Technology Authors: Tags: Future of Medicine AI app AR artificial intelligence autism digital digital health digital technology games genetics health app health apps Innovation virtual reality VR Source Type: blogs
Algorithms, datasets, machine learning, deep learning, cognitive computing, big data, and artificial intelligence: IT expressions that took over the language of 21st-century healthcare with surprising force. If medical professionals want to get ahead of the curve, they rather get familiarized with the basics of A.I. and have an idea of what medical problems they aim to solve. So, let’s take a closer look at machine learning and deep learning in medicine. The ante-room of artificial intelligence The term “artificial intelligence” might be misleading as due to the overuse of the expression, its meanin...
Source: The Medical Futurist - Category: Information Technology Authors: Tags: Artificial Intelligence in Medicine Future of Medicine AI algorithm deep learning Health Healthcare Innovation machine learning smart smart algorithm smart health technology Source Type: blogs
 Throughout our lives, we are inspired by many people, from our parents to our teachers to celebrities to great thinkers of the past and present. And sometimes, we find ourselves being an inspiration for others. Also, sometimes, this fact surprises us. In this episode, Gabe and Michelle talk about both being inspired by others and how it feels to be an inspiration to others.   SUBSCRIBE &REVIEW “In the right light, all of us are fantastic. In the right, light we all suck.” – Gabe Howard   Highlights From ‘Inspiration’ Episode [00:30] Is Michelle amazing? [3:30] Is Ga...
Source: World of Psychology - Category: Psychiatry & Psychology Authors: Tags: A Bipolar, A Schizophrenic, and a Podcast Inspiration & Hope Schizophrenia Success & Achievement Source Type: blogs
Authors: Liu X, Zhang P, Guo C, Xu J, Hu M Abstract Rehabilitation therapy combined with nursing intervention in postoperative recovery of patients with hypertensive intracerebral hemorrhage was investigated. Retrospective analysis was carried out in 78 patients with severe HICH hematoma evacuation after treatment in Xuzhou No. 1 People's Hospital, Xuzhou Municipal Hospital Affiliated to Xuzhou Medical University from March 2014 to July 2017. The 28 patients who received routine treatment and nursing care were regarded as the control group, the 27 patients who underwent rehabilitation training based with routine tr...
Source: Experimental and Therapeutic Medicine - Category: General Medicine Tags: Exp Ther Med Source Type: research
ConclusionThe results of the current study may be significant in rural development programs in the Javor Mountain region, aiming at fostering community-based strategies of management of natural resources.
Source: European Journal of Integrative Medicine - Category: Complementary Medicine Source Type: research
Discussion Numerical understanding is imperative in everyday life. Even making coffee in the morning, a person considers whether she is making 1 cup or 2, and how much fluid will be in each cup. How many more days can she go without buying more coffee with the ground coffee left in the container? Other numerical skills such as telephone numbers, street addresses and locations, time and dates, and buying and selling of products and services occur all day long in people’s lives. What happens when those skills are not automatic? Dyscalculia or developmental dyscalculia (DD) is “a heterogeneous learning impairment...
Source: PediatricEducation.org - Category: Pediatrics Authors: Tags: Uncategorized Source Type: news
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