News
WSJ | Fed Keeps Rates Low, Says Growth Is Moderate
The Federal Reserve stuck to its assessment Wednesday that the economy is growing moderately and voted to keep its support in place to help the job market recover.
Market Watch | Fed sticks to QE3 plan, given mixed growth signals
The Federal Reserve on Wednesday continued to express concern about the U.S. economy as it maintained its ultra-easy policy stance.
CNN Money | Higher yields on savings? It will be awhile
The Federal Reserve said in September it would buy $40 billion of mortgage-backed securities a month until the labor market rebounds. The goal: to free up banks to lend more.
Econ Comments & Analysis
Mercatus | The Case for Nominal GDP Targeting
The history of central banking is a story of one failure after another. This does not mean our actual monetary regimes have been the worst of all possible regimes—far from it. But it does mean we can improve policy by learning from experience. Every proposed reform is a response to a previous failure, an implicit display of lessons learned.
Blogs
Library of Economics | Is Fiat Money a Bubble?
I thought the mainstream view was that fiat money was--in most mainstream theories and possibly in practice--a bubble.
Daily Capitalist | Very Good News About The Fed
It’s not what you were thinking (today’s FOMC report). The good news was that Bernanke and Geithner see the handwriting on the wall. They will both head for the unemployment lines if Romney wins. Geithner says he wants out if Obama wins. His replacement will be another lackluster Keynesian. While Bernanke’s appointment will not run out until January 2014, my call is that he will be asked to resign by Romney, after a suitable period of time after the election to calm the markets.
