News
Bloomberg | BOE Signals Rate Increase This Year
Bank of England Governor Mervyn King said that inflation remains “uncomfortably high,” and officials signaled they may need to raise interest rates later this year even as the economy struggles to build momentum.
Market Watch | Fed will have to act sooner, top forecasters say
The U.S. economy is operating far below its potential, but the huge output gap doesn’t mean that inflation is contained, according to two top economic forecasters, who believe the Federal Reserve will be forced to tighten monetary policy sooner rather than later.
National Journal | For Paul's Fed Hearing, Mostly Sound and Fury
Paul has long been a leading figure in a movement to revamp the conduct of U.S. monetary policy and set the currency again on a gold standard. His accession this year to chairman of the subcommittee charged with Fed oversight has given him a new platform to espouse these beliefs, but chairmanship or not, the Fed isn’t going anywhere.
WSJ | How to Turn 100 Trillion Dollars Into Five and Feel Good About It
The Highest-Denominated Bill Ever Issued Gives Value to Worthless Zimbabwe Currency.
Econ Comments
Minyanville | Five Things You Need to Know: Headline of the Decade, "Bernanke's QE2 Averts Deflation, Spurs Rally, Expands Credit"
How quickly we forget.
Minyanville | Housing-Adjusted CPI, Gold, and the Deflation Grand Supercycle Theory
In light of reported inflation, it's time to take another look at a CPI adjusted for housing prices. Plus, why the deflationists got it right.
