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Wednesday, August 22, 2012

Monetary

News                                                                                                                             
CNN Money | Bernanke's Jackson Hole speech may be a letdown
Fed chairman Ben Bernanke has made market-moving announcements there in the past. But those who have been to the Jackson Hole meeting before aren't expecting much from Bernanke when he gives a speech on August 31.

Blogs                                                                                                                             
Free Banking | Free Banking The Economist On Money and the State
Yet I suppose that we will never see the end of the myth that only governments are fit to coin money. Were bread a government monopoly long enough, Herbert Spencer once remarked, people would react with horror to the suggestion that it might instead be supplied, and supplied with better results, by the private sector. Spencer was probably right. I'm just glad I'll never live to see The Economist prove it.