News
Market Watch | FDIC chief sets plan for handling big bank failure
The head of the Federal Deposit Insurance Corp. on Thursday outlined his plan on how the government would respond when a large bank goes under, saying it would keep alive many of the lender’s divisions while wiping out shareholders.
Bloomberg | Producer Prices U.S. Decrease for First Time in Four Months
Wholesale prices in the U.S. fell in April for the first time in four months, led by a decline in fuel costs that signals inflation may cool.
Econ Comments & Analysis
Real Clear Markets | The Monetary Monster That Is Flight to Safety
As it turns out, the shortage of dollars is directly proportional to the smash in asset prices, something that was left out of the academic textbook. Mr. Friedman's international financier would never have figured this out, but I have little doubt that his descendants are well aware of it now.
Forbes | Returning to a Gold Standard System: Why and How?
The answer to Why? is: because gold-linked stable money is superior to manipulated funny money. The answer to How? has two subsections.
