Econ Comments & Analysis
Real Clear Markets | We Can't Rely On the Fed to Rescue Us
Pity Fed Chairman Ben Bernanke. With U.S. and global growth slowing, all eyes are on next week's meeting of the Federal Reserve's policy committee. On Wednesday, the New York Times devoted its lead, page one story to nudging the Fed towards pumping more money into the banking system.
Forbes | The Fed, The Financial Crisis And Monetary History: An Interview With Dr. Allan Meltzer
I wrote my thesis on French inflation so that was the beginning, but I didn’t have any career plan to pursue either that or financial inflation.
Real Clear Markets | Let's Scrap the Fed's Open Market Committee
The board had had a shaky record, especially in recent years. It had been blamed for fueling a financial mania that precipitated a financial crisis and the worst global recession in almost a century.
CNN Money | The risks of more Federal Reserve action
Last week, Federal Reserve Chairman Ben Bernanke told lawmakers that the Fed stands ready to give the economy a boost, should the recovery continue to struggle.
Real Clear Markets | QE3's Looming Failure Means Ben's Days Are Numbered
The above-the-fold headline of yesterday's Wall Street Journal, "Fed Moves Closer to Action", signals an impossibly deluded Federal Reserve utterly blind to the damage its machinations are bringing to the U.S. and global economy.
Blogs
WSJ | IMF Paper Warns Against Letting Inflation Target Rise
One big debate facing the Federal Reserve is whether the central bank should allow inflation to rise to help bring down unemployment and spur economic growth.
Library of Economics | The Magic Solution of Devaluation
If the Spanish and Greek governments shrank enough to balance their budgets, they'd still have 24% unemployment, if not more. Their economies are hopelessly uncompetitive at the current exchange rate.
WSJ | House Passes Ron Paul’s ‘Audit the Fed’ Bill
The House voted Wednesday to open up the Federal Reserve‘s core monetary policy decisions to the scrutiny of the federal government.
