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Monday, July 22, 2013

Monetary

News                                                                                                                             
CNN Money | Be set when the Fed's help ends
Wall Street always watches the Federal Reserve closely. Lately, however, it has trouble paying attention to anything else.
MSN Money | Bunk from central bankers
I have not really delved in depth into the subject of the Federal Reserve for some time, but this week I decided to revisit some of my history books on the 1920s and ‘30s. Once again, I was struck by the length of time it took for the Fed's inappropriate policies to wreak havoc, the damage done, and, in between, how wonderful everyone thought everything was.

Econ Comments & Analysis                                                                                            
Mercatus | Did Deregulation Cause the Financial Crisis? Examining a Common Justification for Dodd-Frank
Three years ago the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law. Deregulation of the financial services sector in the years leading up to the 2008 crisis was—and still is—used to justify Dodd-Frank’s substantial regulatory burdens. But financial regulation did not decrease in the decade leading up to the financial crisis—it increased.
Mercatus | Dodd-Frank at Three: Time to Reform the Financial Reform Act
With eager anticipation of its salutary effects on an ailing American financial system, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law on 21 July 2010. Now, three years later – and still suffering the throes of implementation – it appears that Dodd-Frank is not the great elixir that proponents claimed it would be.
Heritage Foundation | Dodd–Frank at Year Three: Onerous and Costly
This Sunday, July 21, will mark the third anniversary of Dodd–Frank, Washington’s massive regulatory response to the housing market collapse, the failure of major financial firms, and the resulting shock to the economy in 2008.