Inflation
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“The Federal Reserve’s latest quantitative easing may lead to disaster”
“The Fed could have sat tight to see whether the slowdown in growth in the second and third quarters of 2010 was temporary. Most of the economic news since the idea of more QE was first floated in August has been better than expected, if not exactly earth-shattering. Friday’s employment figures continued that trend. The…
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Democracy in Deficit
“Vol. 8 of The Collected Works. Democracy in Deficit is one of the early comprehensive attempts to apply the basic principles of public-choice analysis to macroeconomic theory and policy. The book serves to bolster Buchanan’s central beliefs in the necessity of a balanced-budget amendment to the U.S. Constitution and in monetary rules rather than central…
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“What the Fed Did and Why” – Bernanke
“The FOMC decided this week that, with unemployment high and inflation very low, further support to the economy is needed. With short-term interest rates already about as low as they can go, the FOMC agreed to deliver that support by purchasing additional longer-term securities, as it did in 2008 and 2009. The FOMC intends to…
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“Analysis: Fed’s QE2 Raises Alarm of Commodity Bubble”
“A commodities buying spree spurred by U.S. quantitative easing has raised alarm of an inflationary bubble reminiscent of 2008 when oil and other industrial raw materials struck all-time highs before the crash. But the Reuters-Jefferies CRB index .CRB, a global commodities benchmark, has since hit a two-year high as part of an 18 percent gain…
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“China’s Stocks Decline for a Second Day on Inflation Concerns, Valuation”
“China’s stocks fell for a second day on concern the government may join other Asian nations in taking measures to slow inflation and that valuations for the biggest commodity producers were excessive after last month’s rally. Jiangxi Copper Co. and Datong Coal Industry Co. lost at least 5 percent on speculation U.S. economic measures may…
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“Fed to Buy $600 Billion of Treasurys”
“The Federal Reserve Wednesday unveiled a controversial new plan to buy U.S. Treasurys, hoping to spur growth in a disappointingly slow U.S. economy. After two days of discussions, Fed officials decided to go ahead with a much anticipated program, saying they will buy $600 billion of U.S. government debt over the next eight months. The…
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“Central Banks in Rate Clash” – WSJ
“The Federal Reserve’s expected move is a controversial step at home and abroad. One Fed calculation shows that every $500 billion of bond purchases has the same stimulative effect as about a half-percentage-point cut in short-term interest rates. But Fed officials are highly uncertain about the outcome, as they don’t have much experience with the…
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“Made in America, Imported by Asia”
“Resentment in emerging markets about the global spillover effects of easier U.S. monetary policy is likely to hang over next week’s summit of the Group of 20 leading economies in Seoul. “What will happen with another round of quantitative easing by the Fed? It’s creating inflation, alright. Just not necessarily in the U.S., but on…
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“The Five Things Money Printing Can’t Do…”
“It seems this Chairman of the Federal Reserve is of the belief that diluting the dollar is the cure for everything from a recession to male pattern baldness. But money printing can’t accomplish any of things that are necessary to rescue the economy. In fact, the one thing it does bring about (intractable inflation) will…
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I’ll Side With Mises: Would Friedman’s Logic Lead Us to QE2? – Peter Boettke
“For some of the reasons that have been supported here by Steve and George, a WSJ editoral argues that Milton Friedman’s monetary policy analysis could be used to defend QE2 in our current economic context. I remain unpersuaded that any of these arguments for QE have the upper-hand either analytically or political economy wise. Part…
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“The Federal Reserve’s latest quantitative easing may lead to disaster”
“The Fed could have sat tight to see whether the slowdown in growth in the second and third quarters of 2010 was temporary. Most of the economic news since the idea of more QE was first floated in August has been better than expected, if not exactly earth-shattering. Friday’s employment figures continued that trend. The…
-
Democracy in Deficit
“Vol. 8 of The Collected Works. Democracy in Deficit is one of the early comprehensive attempts to apply the basic principles of public-choice analysis to macroeconomic theory and policy. The book serves to bolster Buchanan’s central beliefs in the necessity of a balanced-budget amendment to the U.S. Constitution and in monetary rules rather than central…
-
“What the Fed Did and Why” – Bernanke
“The FOMC decided this week that, with unemployment high and inflation very low, further support to the economy is needed. With short-term interest rates already about as low as they can go, the FOMC agreed to deliver that support by purchasing additional longer-term securities, as it did in 2008 and 2009. The FOMC intends to…
-
“Analysis: Fed’s QE2 Raises Alarm of Commodity Bubble”
“A commodities buying spree spurred by U.S. quantitative easing has raised alarm of an inflationary bubble reminiscent of 2008 when oil and other industrial raw materials struck all-time highs before the crash. But the Reuters-Jefferies CRB index .CRB, a global commodities benchmark, has since hit a two-year high as part of an 18 percent gain…
-
“China’s Stocks Decline for a Second Day on Inflation Concerns, Valuation”
“China’s stocks fell for a second day on concern the government may join other Asian nations in taking measures to slow inflation and that valuations for the biggest commodity producers were excessive after last month’s rally. Jiangxi Copper Co. and Datong Coal Industry Co. lost at least 5 percent on speculation U.S. economic measures may…
-
“Fed to Buy $600 Billion of Treasurys”
“The Federal Reserve Wednesday unveiled a controversial new plan to buy U.S. Treasurys, hoping to spur growth in a disappointingly slow U.S. economy. After two days of discussions, Fed officials decided to go ahead with a much anticipated program, saying they will buy $600 billion of U.S. government debt over the next eight months. The…
-
“Central Banks in Rate Clash” – WSJ
“The Federal Reserve’s expected move is a controversial step at home and abroad. One Fed calculation shows that every $500 billion of bond purchases has the same stimulative effect as about a half-percentage-point cut in short-term interest rates. But Fed officials are highly uncertain about the outcome, as they don’t have much experience with the…
-
“Made in America, Imported by Asia”
“Resentment in emerging markets about the global spillover effects of easier U.S. monetary policy is likely to hang over next week’s summit of the Group of 20 leading economies in Seoul. “What will happen with another round of quantitative easing by the Fed? It’s creating inflation, alright. Just not necessarily in the U.S., but on…
-
“The Five Things Money Printing Can’t Do…”
“It seems this Chairman of the Federal Reserve is of the belief that diluting the dollar is the cure for everything from a recession to male pattern baldness. But money printing can’t accomplish any of things that are necessary to rescue the economy. In fact, the one thing it does bring about (intractable inflation) will…
-
I’ll Side With Mises: Would Friedman’s Logic Lead Us to QE2? – Peter Boettke
“For some of the reasons that have been supported here by Steve and George, a WSJ editoral argues that Milton Friedman’s monetary policy analysis could be used to defend QE2 in our current economic context. I remain unpersuaded that any of these arguments for QE have the upper-hand either analytically or political economy wise. Part…
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