Econ Comments & Analysis
Real Clear Markets | Unbridled Regulation Sets Stage For Another 2008
Want more accountability of Wall Street? Start with their regulators. Financial regulators are rewriting the rules of finance with little to no consideration about how their actions will impact the economy. The result is unnecessary and potentially serious costs on consumers, investors, and economic growth.
Fortune | The case to get rid of paper money
Debt hawk Kenneth Rogoff says eliminating dollar bills might lower inflation and boost taxes, as long as it doesn't tank the economy.
Market Watch | Yellen should really say this to college graduates
“Your professors have told you that you can grow the economy by pumping out dollars and stimulating demand. At the Fed, we’ve been trying it for five years now. We’re still trying, actually. We have one of the slowest recoveries in history, and GPD growth last quarter was only one-tenth of 1%. Still, we believe in perseverance — just as all of you should — and we are going to continue to try until it works.
CNN Money | 3 reasons interest rates will stay low for years
In a speech Tuesday, Federal Reserve Bank of New York President William Dudley laid out three key reasons why the Fed may keep its short-term interest rate -- the federal funds rate -- below historic averages for the long haul. That rate is important, because it impacts rates for mortgages and loans.
