News
Bloomberg | Asia’s Economic ‘Soft Patch’ Jars With Inflation, Posing Dilemma on Rates
Asian manufacturing is cooling even as accelerating inflation puts pressure on officials to keep tightening monetary policy, adding to headwinds for the global economy after recoveries faltered in the U.S. and Europe.
Econ Comments
NYT | What’s With All the Bernanke Bashing?
Critics on the left look at the depth of the recent recession and the meager economic recovery we are experiencing and argue that the Fed should have done more. They fear that the United States might slip into a long malaise akin to Japan’s lost decade, in which unemployment remains high and the risks of deflation deter people from borrowing, investing and returning the economy to its potential.
Minyanville | Q2 GDP Reveals Continued Stagnation
By all measures, the economy is stalling out and prices are rising.
Blogs
Free Banking | More on free banking and the historical gold standard
Jon Catalan and David Glasner made comments about my post on free banking and the historical gold standard that are worth responding to, so here are some further thoughts on the subject.
Reports
Cato Institute | Capital Inadequacies: The Dismal Failure of the Basel Regime of Bank Capital Regulation
The Basel regime is an international system of capital adequacy regulation designed to strengthen banks' financial health and the safety and soundness of the financial system as a whole.
