News
Market Watch | World Bank head praises yuan’s rise
World Bank President Robert Zoellick said on Monday that inflation remained one of China’s biggest economic challenges, while noting that recent gains in the Chinese currency against the U.S. dollar might reflect Beijing’s new willingness to allow appreciation of its currency to cool prices.
Market Watch | Gold turns higher as Europe debt woes bite
Gold futures were higher Tuesday, maintaining a gain in electronic trade after earlier notching a fresh high above $1,920 an ounce, as European sovereign-debt woes and global growth concerns boosted the metal’s safe-haven appeal.
Econ Comments
Minyanville | The Hard Truth About Easy Money
I recognize that the option of easing by the Fed and the ECB can serve to stabilize equity markets from the effect of slow growth, but there comes a point in time when the failure of monetary policy to produce a reacceleration of economic growth will become more worrisome to investors.
Blogs
Free Banking | Is Fractional-Reserve Banking Inflationary?
Certain economists of the Austrian School, and followers of Murray Rothbard especially, oppose fractional reserve banking for at least three reasons. They claim that banks resorting to it defraud people, that they bring about business cycles, and that their activities cause inflation. This article addresses the last claim only: I hope to discuss the others separately.
