News
Bloomberg | Japan Adds $183 Billion to Stabilize Markets After Quake
The Bank of Japan poured a record 15 trillion yen ($183 billion) into the world’s third-biggest economy today as the strongest earthquake in the nation’s history triggered a plunge in stocks and surge in credit risk.
Bloomberg | EU Puts Burden on Bailout States to Stop Crisis: Euro Credit
European leaders are betting their retooled bailout plan can defuse the region’s debt crisis as they reject costlier remedies and put the onus for stopping the turmoil on cash-strapped governments.
Econ Comments
Minyanville | Will the Yen Rise? Explaining the Currency's Movements
Events like the earthquake in Japan and subsequent threats to nuclear reactors increase demand for money by the businesses, individuals affected.
Ludwig von Mises Institute | Three Flawed Fed Exit Options
Austrian economists know that the Fed's creation of new money can distort markets by pushing interest rates below their natural market level. This is a subtle point that most commentators ignore. Instead, the thing that has more and more people worrying at night is the potential for runaway price inflation.
Minyanville | Inflation and Hyperinflation: An Excerpt From John Mauldin's "Endgame"
In this chapter of his new book, John Mauldin explains how hyperinflation is an extreme case of inflation -- and a nightmare for anyone living it.
