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Tuesday, August 30, 2011

Monetary

News                                                                                                                             
CNBC | China Says Inflation Pressures Stay High
Persistently high global prices for commodities and other goods are fueling consumer inflation in China and may put Beijing's full-year inflation target out of reach, the country's top economic planner said on Monday.

Blogs                                                                                                                             
Daily Capitalist | Martin Feldstein Advocates Trashing The Dollar
Aside from some built-in momentum from past inventory build-up and effciencies related to technology, one can only look to the dollar and its benefit to U.S. exporters as being the key factor behind corporate profits. By devaluing the dollar multinationals have done well abroad.
Free Banking | What modern free banks might look like
It has not been discussed so far in this blog what modern free banks might look like. Partly that is because several of us who blog here have the same picture in mind. It would be good for the rest of you to know what it is and decide what you think of it.