News
FOX Business | Fed Expected to Hold Steady on Stimulus Despite Debate Over Risks
Federal Reserve officials will spend much of a meeting next week debating the potential risks from the central bank's stimulus plan, but Chairman Ben Bernanke has already signaled he believes the costs of inaction are even greater.
Bloomberg | Consumer Prices in U.S. Increase on Jump in Gasoline Cost
The cost of living in the U.S. rose more than projected in February due to the biggest jump in gasoline prices in more than three years. The retreat in fuel expenses this month signals inflation will hover around the Federal Reserve’s goal.
Econ Comments & Analysis
Forbes | If Alan Greenspan Wants To 'End The Fed', Times Must Be Changing
For a long time, gold standard advocates in the United States have had differing viewpoints about whether a new gold standard system might take place with existing institutions, such as the Federal Reserve, or whether it would take place with new institutions, and the Federal Reserve would in effect be disbanded or rendered irrelevant.
Fortune | Fed approves capital plans from 16 of 18 big banks
The Federal Reserve approved the capital plans of 16 of the nation's 18 largest banks on Thursday as part of the final leg of their required stress tests.
Real Clear Markets | Monetarism Is the Dog Feverishly Chasing Its Own Tail
Back in November 2005, the Federal Reserve quietly announced that it would discontinue collecting data and publishing the M3 monetary aggregate series. It set off a bit of backlash in quarters where monetary aggregates have heavy meaning, largely because the M3 series was the broadest measure of the 'money' supply for the US dollar. Contained in that series was the opaque world of large time deposits, institutional money market funds, repurchase agreements, and eurodollars.
Blogs
Economist | Fearing the worst
Runaway inflation can only limit the government's ability to distribute real resources to the extent that it destroys the economy's ability to generate real resources. That is, if the power of the penionser lobby is so extraordinarily great that it can bring America to destroy itself with hyperinflation, then hyperinflation won't necessarily end pensioners' ability to extract benefits from the rest of us.
Library of Economics | If There's No Inflation, Why are Prices Up So Much?
Price hikes for a particular item here or there don't qualify as inflation. If one thing gets more expensive but something else gets cheaper, that's what economists call a relative price change.
