News
Bloomberg | Bernanke Provokes Mystery Over Fed Stimulus Exit
When Ben S. Bernanke asserted last month that the Federal Reserve doesn’t ever have to sell assets, he raised questions about how the central bank can withdraw its record monetary stimulus without stoking inflation.
CNBC | US Concern on China Currency Fades as Yuan Grinds Higher
After years of grabbing the spotlight in U.S.-China economic relations, U.S. concerns over the value of Beijing's currency appear to be fading, giving ground to newer issues like cyber-security and trade secret theft.
Econ Comments & Analysis
WSJ | How to Shrink the 'Too-Big-to-Fail' Banks
A dozen megabanks today control almost 70% of the assets in the U.S. banking industry. The concentration of assets has been in progress for years, but it intensified during the 2008–09 financial crisis, when several failing giants were absorbed by larger, presumably healthier ones. The result is a lopsided financial system.
Forbes | The Comical, Central Planning Fantasy That Is 'Market' Monetarism
From 1979 to 1982, then Federal Reserve Chairman Paul Volcker foisted the now discredited policy of monetarism on the U.S., and the world more broadly.
