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Monday, February 28, 2011

Monetary

News                                                                                                                             
Bloomberg | Fed's Dudley Says Growth Not Reason to `Reverse' Stimulus
Federal Reserve Bank of New York President William Dudley said the “considerably brighter” economic outlook isn’t yet reason for the central bank to withdraw its record monetary stimulus.

Econ Comments                                                                                                             
Minyanville | GDP Downward Revision Suggests We're Headed Into Stagflation
The advance report last month from the Bureua of Economic Analysis said GDP was up 3.2%. The new numbers show it was only up 2.8%.
Bloomberg | Five Questions for Bernanke on Capitol Hill: Caroline Baum
To expect our elected representatives to have a good grasp on quantitative easing when Fed chief Ben Bernanke says the term is a misnomer is too much to ask.

Blogs                                                                                                                             
CSM: Stefan Karlsson's Blog | Swedish boom isn't due to monetary policy
If the monetary policy were the reason for the boom, there would be more growth in manufacturing.
CSM: Mises Economics Blog | Prices are rising with the money supply
As prices start to rise, don't forget about all the money that the Fed created out of thin air.