Econ Comments
Forbes | 1971: Bretton Woods And The Four-Decade Trauma Of Its Collapse
Gold is the essential input for currency stability.
Blogs
WSJ: Real Time Economics | Switching Government Inflation Measure Could Yield Big Savings
One proposal in the budget talks that is getting a serious look from all sides would switch the government’s way of measuring inflation and delivering a big impact on tax, spending, and entitlement programs.
Forbes: The Economic Imagination | Price Controls Make A Statement About Society
The cruel irony of this is that the entire difference between the legal maximum price and the price people are willing to pay for every gallon that is supplied will evaporate as people stand in line for gas. Everyone is unambiguously worse off relative to where they would be without price controls.
WSJ: Real Time Economics | Fed’s Hoenig: Central Bank Should Have Raised Rates Some Time Ago
Federal Reserve Bank of Kansas City President Thomas Hoenig again on Thursday argued for the central bank to raise interest rates.
