Pages

Wednesday, August 8, 2012

Monetary

News                                                                                                                             
Politico | Bernanke: Fed not influenced by politics
Lawmakers in Washington can bicker all they want about what policy decisions the Federal Reserve should make, but they’re only wasting their time and energy, according to Fed Chairman Ben Bernanke.

Econ Comments & Analysis                                                                                            
Heritage Foundation | LIBOR Rigging Scandal: No New Laws Are Necessary
As the evidence mounts about the scope of efforts to rig the London Interbank Offered Rate (LIBOR), a significant financial index, the predictable calls for new laws and even a radical restructuring of major segments of the financial services industry are coming from both the U.S. and Europe.

Blogs                                                                                                                             
Economist | The Fed on the ballot
We would all like very much to pretend that central banks aren't influenced by politics, that election campaigns aren't largely driven by economic conditions, and that there aren't worrisome incentives embedded in the interaction between economic policymaking and campaigns. But we must take the world as it is and not as we would like it to be.
Coordination Problem | Richard Ebeling on Monetary Freedom
On August 2nd, 2012, Richard Ebeling presented testimony to the Subcommittee on Domestic Monetary Policy and Technology --- Sound Money, Monetary Freedom, and the Government.  In this context, Ebeling offers a suggested roadmap to a regime on monetary freedom.
WSJ | Fed’s Fisher Argues Against Further Stimulus
Federal Reserve Bank of Dallas President Richard Fisher on Wednesday continued making his case against further monetary easing, saying the central bank has done what it can to stimulate the economy, and repeated his call for Congress to provide incentives for growth through fiscal and regulatory reforms.