News
WSJ | Import Prices Remain Flat
Prices of goods imported into the U.S. were flat in August, showing that weakness in the global economy is keeping inflation subdued.
Econ Comments & Analysis
Bloomberg | Five Least Bad Reasons for the Fed to Taper Now
There is no time like the present. That’s what my mother and father always told me, and that’s something the Federal Reserve should keep in mind when policy makers gather next week to consider tapering asset purchases.
Spectator | Fed Up Yet?
As Summer becomes fall, we commence the 100th anniversary of that most glorious of all the violations of the United States Constitution, the Federal Reserve. The legislation that eventually emerged as the Federal Reserve Act was introduced in the House in August 1913 and was enacted and signed in December. The Fed itself started doing business in 1914. It would seem that this is a dandy time to pause in our national rush to ruin so as to reflect on what the first century of the Fed has wrought.
Heritage Foundation | Lehman Brothers Bankruptcy and the Financial Crisis: Lessons Learned
September 15 marks the fifth anniversary of the Lehman Brothers bankruptcy, the supposed spark that set off the financial crisis of 2008. Conventional wisdom holds that it was the federal government’s decision against bailing out this investment bank that froze credit markets and sent the economy into the “great recession.”
