Thursday, October 2, 2014


Fox Business | European Central Bank Hones Quantitative Easing Plans
The European Central Bank will buy bundles of loans and other forms of secured debt from mid-month in an attempt to kick start a languishing euro zone economy, despite misgivings in Germany and elsewhere.
Bloomberg | Dollar Aids World Economy Amid Currency War for Faster Inflation
It was four years ago last week that Brazilian Finance Minister Guido Mantega declared a “currency war” was underway as the U.S. dollarfell amid easy monetary policy from the Federal Reserve.

Econ Comments & Analysis                                                                                            
The Washington Times | Liberty and wealth require sound money
Conservatives hold that wealth and liberty correlate.
NBER | The Role of Dynamic Renegotiation and Asymmetric Information in Financial Contracting
Using data from SEC filings, I show that the typical bank loan is renegotiated five times, or every nine months.