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Monday, March 19, 2012

Monetary

News                                                                                                                             
USA Today | Inflation heated up a bit in February
Inflation rose 0.4% 0in February, however, the 18% boost is gasoline prices since December, is still not showing much impact on consumer prices.

Econ Comments & Analysis                                                                                            
Daily Capitalist | King Dollar will cut oil prices
No matter how much President Obama protests, the simple fact is that he continues to oppose and mock and disparage oil and gas drilling. He is a prisoner of the environmental left, and he remains on the wrong side of energy history.

Blogs                                                                                                                             
Reason Foundation | Oil Prices and Monetary Policy
At the heart of [artificial asset price inflation] is the misconfiguration of risk within monetary policy. For central banks, especially the Federal Reserve, risk is risk, undifferentiated. In reality, there is a chasm between financial risk and real risk. Certainly there are positives to convincing businesses and individuals to take and accept financial risk, but if it is not matched and then surpassed by true economic risk it is a doomed effort.