News
Bloomberg | Bernanke Models Tested as Forecasts Fail
Chairman Ben S. Bernanke and his Federal Reserve colleagues are preparing to meet next week as two-year Treasury yields near a record low signal a U.S. economy on the knife’s edge between growth and contraction.
Econ Comments
WSJ | Weak Dollar, Weak Economy
By choosing to pay savers nearly nothing, the Fed discourages thrift and limits income growth.
CNN: Money | The Fed can't (and shouldn't) save the day
Still, several experts said that the worst thing the Fed could do is overreact and launch a third round of bond buying. This so-called quantitative easing, which investors have already dubbed QE3, may do little to help what ails the markets and economy. It might even make things worse.
Minyanville | Is the Fed About to Make the Mistake of the Decade?
If Ben Bernanke initiates QE3, he's going to add a currency crisis on top of an economy that's sliding back into recession.
Blogs
Free Banking | Monetary equilibrium, the goal of monetary policy
The goal of monetary policy is monetary equilibrium. This is true for any monetary arrangement that claims to serve a general interest among the population rather than to simply divert wealth to the ruler and his cronies.
