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Friday, January 20, 2012

Monetary

News                                                                                                                             
WSJ | Consumers Notch Gains As Some Prices Decline
The U.S. consumer is starting off 2012 on a somewhat sounder footing, as everyday prices ease and the labor market strengthens.

Econ Comments & Analysis                                                                                            
Forbes | What Is 'Stable Value' In Currency Terms?
The reason that we use gold, in a gold standard system, instead of, say, orange juice, is because we are trying to accomplish a goal, and gold is the best way to do so. Our goal is to create a currency of stable value.

Blogs                                                                                                                             
Economist | Are falling prices good news?
INFLATION, we're led to believe from an early age, is bad. And sometimes it is.