News
WSJ | Fed Hosts Global Gathering on Easy Money
On Friday, they will gather here to gauge the impact of their easy-money policies—including whether the controversial bond-buying strategy known as "quantitative easing" is a good weapon to keep in their monetary arsenals.
Bloomberg | Fed’s Bullard Sees Price Threat From G-7 Delaying Tighter Policy
Federal Reserve Bank of St. Louis President James Bullard said the U.S. and world economies risk elevated inflation that persists for years should developed nations mistime their exits from easy monetary policies.
Politico | Bernanke: Don't blame the Fed for housing crisis
The Fed chairman defended himself against accusations that policies by the central bank inflated home prices, leading to a bubble that triggered a financial collapse in 2008 whose aftershocks continue to this day.
Econ Comments & Analysis
Real Clear Markets | The Instability of Monetary Conformity
Even after the Greek debt-swap deal that apparently solved the entire European crisis, Greek 10-year bonds are still trading woefully. The spread above German bunds is still over 1,600 basis points, 86% higher than just one year ago.
AEI | Time for Greece to leave the euro
After five years of wrenching economic recession, one has to wonder what it will take for Greece to cut itself loose from the failed IMF and EU policies that have reduced the country to its present terrible economic pass.
Blogs
Library of Economics | Notes on the Phillips Curve
Since 2008, we have had very high unemployment, and the reduction in inflation has been miniscule. I see this as the worst performance for the Phillips Curve since the 1970s.
CATO | On New Fed Nominations: Are There No Keynesians in Flyover Country?
In late January President Obama submitted to the Senate the appointments of Jeremy Stein and Jerome Powell to the Board of Governors of the Federal Reserve System.
Reason Foundation | Goldman Sachs Scams Federal Reserve Operation Twist
Last October we penned a post pointing to the failed policy of the Federal Reserve through Operation Twist. We noted that since the first day of long bond purchases under Bernanke, interest rates have done nothing but rise, despite the intention of the operation to have them fall.
