News
Market Watch | Bank of England holds fire on more easing
The Bank of England, as expected, left its key lending rate unchanged on Thursday and made no move to boost the size of its quantitative-easing program after reviving it last month in a bid to stave off a deflationary spiral.
Econ Comments
NY Times | How to Leave the Euro
Having been led down an ever-worsening spiral by the euro zone and its own government, Greece now faces two options, both of them painful: stay the course, or default and exit the monetary union.
Blogs
Free Banking | Paper bugs, or, Stupid Arguments Against Gold
Persons familiar with my writings on monetary reform know that, far from being anyone's idea of a gold bug, and despite my conviction that those monies work best that governments govern least, I've always shied away from arguing that we ought to re-establish a gold standard.
WSJ: Real Time Economics | Drilling Down on Bernanke’s Inflation Record
On the question of whether we were trying to defend Mr. Bernanke, we would point you to the lower section of the posting, which reviews his shortcomings on unemployment and financial stability and notes the risk that inflation could still get out of control.
Daily Capitalist | The Benefits Of The Eurozone
We have been so critical of the euro, the ECB, and the spendthrift socialist states in the eurozone that perhaps we have missed something important.
Reason Foundation | Capital Requirements Do More Harm Than Good
The newest of capital requirements established under Basel III and set to go into effect in 2019 establish banks’ core capital ratio to 9.5 percent of risk-weighted assets, but because core capital is not universally definable, and risk weightings are discretionary, nothing is accomplished save added confusion.
