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Monday, December 9, 2013

Monetary

News                                                                                                                             
Bloomberg | Switzerland Urges Banks to Meet U.S. Disclosure Deadline
Swiss authorities are urging banks to quash their doubts and enter a U.S. voluntary disclosure program aimed at uncovering American tax evaders.

Econ Comments & Analysis                                                                                            
Washington Times | The Fed’s scandalous monetary policy
As the vote on Obamacare approached in 2010 — a year when the budget deficit was a staggering $1.3 trillion — the Democratic majority ignored the opposition’s concerns about the costs and unintended consequences of restructuring the entire health care system.
AEI | Europe is in deflation denial
One has to wonder what Olli Rehn, the European Union’s Commissioner for Economic and Monetary Policy Affairs, is looking at when he boldly asserts that deflation is not a risk for Euro member countries. Not only does he seem to be glossing over the rapid pace of disinflation that has already occurred in Europe.