News
Bloomberg | Trichet Signals Further ECB Rate Increase
European Central Bank President Jean- Claude Trichet signaled he may raise interest rates again in coming months and will ease Portugal’s access to emergency funds as officials battle both faster inflation and the debt crisis.
Market Watch | What will replace the dollar as global currency?
In London last week some smart businessmen launched the country’s first gold ATM. Stick in your credit card or some cash, and the machine will swap your plastic or paper money for a small bar of the real stuff.
Econ Comments
AEI | Has the Financial Crisis Jeopardized the Fed's Independence?
Judging from the response to the Fed's three-year battle against systemic financial collapse and the risk of deflation, it is difficult to escape the conclusion that financial crises and their aftermaths can pose greater challenges to central bank independence than the more traditional pain associated with combating inflation.
Blogs
Daily Capitalist | Manufacturing Growth Is An Illusion Of Monetary Stimulus
The following is a quick analysis of current data releases related to industrial production, both manufacturing and services. These numbers, especially manufacturing, are key indicators of the health of the economy.
Café Hayek | A Source of Wealth or Stagnation?
One plausible consequence of this invention – and the material wealth it makes possible – is that Americans’ demand for leisure rises significantly. What happens to GDP? Would the replicator’s failure to ‘create’ lots of jobs cause it to be thought an innovation not quite on par with, say, the assembly line or the automobile?
