Econ Comments & Analysis
Bloomberg | Fed’s Williams Says Central Bank Should Keep Applying Stimulus Vigorously
Federal Reserve Bank of San Francisco President John Williams said the Fed should maintain an “extraordinarily supportive policy” to reduce an unemployment rate that will probably exceed 7 percent for years.
Forbes | The Price of Low Interest Rates? Weaker Economic Recoveries
The great Austrian School economist Friedrich Hayek had an important insight in Prices and Production which should cause us to be on the lookout for some severe economic pain
Blogs
WSJ | Fed’s Lockhart: Benefits of Low-Rate Policy Outweigh Costs
The benefits of the Federal Reserve‘s low-rate policy “outweigh the costs,” a top central banker said Thursday at an annual banking outlook conference in Atlanta.
Global Macro Monitor | Fed’s “Rent Control” Policies Starting to Distort
We’ve posted many pieces (see here, here and here) on how the Fed’s manipulation of the yield curve through QE and Operation Twist is distorting long-term interest rates — the most important price in the world, in our opinion
CATO | Some Consequences of Government Ownership of Banks
Despite the substantial and continuing repayment of TARP bank assistance, the U.S. government maintains an equity interest in 371 banks. A small number of those banks actually have the government as a majority owner.
