News
Barrons | Markets Rebound on Notion of More Monetary Easing
Global risk markets rallied Monday, with the exception of a certain newly issued social-networking stock, on thoughts new policies may be coming if needed to stave off a worsening of global stresses. Not needed measures either to get at the root cause of the crisis in Europe or to prevent a massive fiscal contraction next year in the U.S., but from more monetary expansion ease symptoms of distress.
Bloomberg | European Banks Unprepared for Greek Exit From Euro
Europe’s banks, sitting on $1.19 trillion of debt to Spain, Portugal, Italy and Ireland, are facing a wave of losses if Greece abandons the euro.
Econ Comments & Analysis
CATO | Competition in Currency: The Potential for Private Money
Privately issued money can benefit consumers in many ways, particularly in the areas of value stability and product variety. Decentralized currency production can benefit consumers by reducing inflation and increasing economic stability.
