News
CNBC | Republican House Bill Would Strip US Fed's Jobs Mandate
Representative Kevin Brady, vice chairman of the Joint Economic Committee, said in a statement his "Sound Dollar Act" aims to "maintain the purchasing power of the dollar in order to foster long-term economic growth and stability." He plans to formally introduce it in early March.
CNN Money | Fed official warns of higher interest bill for Uncle Sam
The Federal Reserve takes a lot of heat from critics for keeping interest rates low. But there's an upside that most people overlook: Low interest rates save the government money.
Market Watch | Dollar gains as euro fades following G-20
The dollar rose Monday, pushing the euro down from a three-month high, after the Group of 20 nations refused to boost funding for the International Monetary Fund until the euro zone boosts the size of its own firewall.
CNN Money | Why the Federal Reserve can't fix housing
Housing is still one of the biggest drags on U.S. economic growth, but don't look to the Federal Reserve for help. The central bank may have few tools left to fix it.
Econ Comments & Analysis
Real Clear Markets | Inflation Held in Check by Fear
Inflation remains low now because of game changing events that have reduced the demand for money.
Fortune | Why low interest rates are bad for community banks
The business model of America's community banks is relatively simple: Take deposits and generate loans. Unlike the JPMorgans (JPM) of the world, smaller mom and pop banks fill a lending void, providing loans in rural communities, small towns and inner-city neighborhoods.
WSJ | What's Right With Gas Prices
It is always pitiful to see a president of the United States in the grip of energy panic, uttering desperate nonsense about gasoline prices.
WSJ | For the Fed, There's No Easy Exit
The crash of Zero Mostel's quasi-Ponzi scheme in 1968's "The Producers" left his partner Gene Wilder muttering, "No way out. No way out." Federal Reserve Chairman Ben Bernanke is in a somewhat similar position.
Blogs
Daily Capitalist | The ‘High Oil Prices = Recession’ Fallacy
What causes price inflation is an expansion of money supply (and a desire of people to spend it, often quickly). What causes recessions is malinvestment of capital caused, again, by money supply expansion.
