News
Bloomberg | Central Banks Ponder Going Beyond Inflation Mandates
Inside the world’s oldest central bank, a new debate is raging over a dilemma facing monetary authorities around the globe.
CNN Money | Inflation rises in China
Inflation in China accelerated in November, as economic growth picked up and food prices rose.
Market Watch | Type the Title You Want People to See
The Federal Reserve is set to take more action this week to support financial markets and the economy, as the central bank tries to stay predictable given all the uncertainty surrounding the fiscal cliff.
Bloomberg | Long Bond Rallying Five Times TIPS Gives Fed Room for QE4
As investors sought a refuge from inflation in August amid concern about Federal Reserve efforts to prop up the U.S. economy, David Brownlee was buying the securities most vulnerable to rising consumer prices.
Econ Comments & Analysis
Bloomberg | Central Banks Ponder Going Beyond Inflation Mandates
Inside the world’s oldest central bank, a new debate is raging over a dilemma facing monetary authorities around the globe.
Blogs
Daily Capitalist | More Hints That QE Will Not Be Unwound Any Time Soon; Implications May Continue To Be Bullish For Treasury Bond Prices
The Fed is hinting that quantitative easing is here to stay: there may be no unwinding of its expanding balance sheet in 2015.
AEI | John Taylor has some good things to say about market monetarism
I enjoyed reading this book, perhaps because I agree so much with the general themes and conclusion that U.S. monetary policy—by creating a boom and a bust—led to the financial crisis and the great recession.
Free Banking | Sumner v. Cantillon
After trying a couple months back to defend the Austrian-School thesis that excessively rapid monetary expansion might give rise to what I termed "Intermediate Spending Booms," I promised myself that I'd keep out of the recent, related exchange between Scott Sumner and Sheldon Richman (among others) concerning so-called "Cantillon" effects.
