News
WSJ | Heat Rises on Central Banks
The U.S. Federal Reserve and European Central Bank face critical tests this week amid heightened expectations that they are moving toward new actions to tackle fragility in the global economy.
Bloomberg | Fed Seen Forgoing New Bond Buying Program Until September
Federal Reserve Chairman Ben S. Bernanke will probably forgo announcing a third round of large- scale asset purchases this week, and is more likely to wait until September to unveil plans to buy $600 billion in housing and government debt, according to median estimates of economists in a Bloomberg News survey.
CNBC | What Europe's Central Bank May Do to Save the Euro
The European Central Bank is thinking the unthinkable to save the euro, including resuming its controversial bond-buying program and possibly even pursuing quantitative easing — in effect printing money.
Econ Comments & Analysis
WSJ | The Man Who Saved Capitalism
It's a tragedy that Milton Friedman—born 100 years ago on July 31—did not live long enough to combat the big-government ideas that have formed the core of Obamanomics.
Bloomberg | Bernanke’s Plan: Sit, Wait and Then Do Something
Reporters whose job it is to tell us what the Federal Reserve tells them didn't have much to go on last week. So they told us what we already knew.
Blogs
Minyanville | The Federal Reserve, Gold, Oil, and the Dollar's Demise
The Federal Reserve, through its various monetary mechanisms, has a major impact on the value of the US dollar, and over time, has destroyed the purchasing power of the fiat base currency used in the United States.
Library of Economics | An Ode to Milton Friedman
Today would have been Milton Friedman's 100th birthday. I only met the man long enough for him to sign my copy of Capitalism and Freedom, but he's been a tremendous influence on me.
Economist | When money isn't everything
So, there is a class of market monetarist critics who accept that more demand would be a good thing, but who argue that there are situations in which demand ceases to be a monetary phenomenon. One sees several different stories about the precise nature of the breakdown
Think Markets | Who Should Audit the Fed?
A few days ago the House passed with a veto-proof majority the bill known as “audit the fed” or more plainly as H.R. 459, sponsored by Ron Paul.
WSJ | A Look Inside the Fed’s Balance Sheet
Ahead of the Federal Reserve‘s policy-setting meeting this week, it’s worth taking a look at the latest figures from the Fed’s balance sheet.
