News
Market Watch | Inflation is on its way down, Bernanke says
Federal Reserve Chairman Ben Bernanke said Thursday that he was not worried that the pickup in inflation earlier this year would persist, but did not outline how or whether the central bank could ease the costs of borrowing further.
CNN: Money | China's rising prices slow in August
Rapidly rising prices in China finally started to slow in August, giving some relief to consumers in the world's second largest economy.
Econ Comments
Washington Post | The scapegoating of Ben Bernanke
Since the panic, Bernanke’s policies — essentially zero percent short-term interest rates and vast securities purchases to inject cash into the economy — have disappointed in spurring recovery. These policies, including the possibility of unintended inflation, are a legitimate source of debate and disagreement.
Forbes | Boost Employment By Ending The Fed And Resurrecting Gold
Money is so fundamental to investment that bolstering the dollar represents the surest route to prosperity. Unfortunately, the dollar glides downhill as if on a rollercoaster. It suffers new lows against a host of currencies. Gold poises for $2,000/oz.
Blogs
WSJ: Real Time Economics | Fed’s Plosser: Monetary Policy Can’t Help Jobs Market Much Right Now
I am really doubtful that monetary policy is a tool that is going to help us very much.
