โข
“The pound rose against the dollar, snapping a three-day drop, as reports showed inflation above economistsโ forecasts and higher retail sales, stoking speculation that the Bank of England may raise interest rates. โAlthough inflation is supposed to be coming down, itโs not falling as expected,โ said George Tchetvertakov, head of market research at Alpari Ltd.,…
โข
“Nobody understands money, least of all economists. Too sweeping a statement? Perhaps. But every analysis of the workings of monetary systems that I have ever read has been seriously in error at one or more crucial points. This is true not only of the supposedly impartial opuses of academic economics, but also of the writings…
โข
In the preface to one of his books, Hayek wrote that “Indeed I must admit that–although I am a convinced believer in the international gold standard–I regard the prospects of its restoration in the near future not without some concern. Nothing would be more fatal from a long run point of view than if the…
โข
“Committee members at the Bank of England and some economists have been puzzled by persistently high inflation in Britain, causing some concerns that the countryโs recovery might stagnate. Unlike in the United States and in countries that share the euro, inflation in Britain never came close to zero in 2009. And while core inflation, which…
โข
“Many people claim today that the U.S. economy is in a โliquidity trapโ and only government can spend us out of this mess. Commentators from Paul Krugman to Martin Wolf of the Financial Times assert we are in a โKeynesian situationโ; unless government spending rescues us, we are doomed to suffer decades of economic stagnation.…
โข
“February 2007 February 27, 2007 | Freddie Mac Press Release The Federal Home Loan Mortgage Corporation (Freddie Mac) announces that it will no longer buy the most risky subprime mortgages and mortgage-related securities. April 2007 April 2, 2007 | SEC Filing New Century Financial Corporation, a leading subprime mortgage lender, files for Chapter 11 bankruptcy…
โข
Our friends at Let Freedom Ring are hosting “The Stimflation Contest”. Contestants have a chance to win $10,000 for giving their best estimate on the next four years of inflation. For more details or to participate, click here.
โข
“The Federal Reserve is widely expected to leave rates unchanged at its policy-setting meeting today, but low inflation and continued uncertainty about the recovery has economists pushing their forecasts for the eventual rate increase even further into the future. In a midmonth addendum to the Wall Street Journalโs economic forecasting survey conducted this week, 15…
โข
“Inflation worries the general public much more than it does the economics profession, and economists remain perplexed as to exactly why. The costs that concern economists are inflationโs deadweight loss. But that is only a part of the losses that concern the public, because inflation simultaneously transfers some of peopleโs income into the hands of…
โข
“Judy Shelton is an economist who has written 15 pieces for the Wall Street Journal over the past two years. She is the author of several books including Money Meltdown in 1994 and The Coming Soviet Crash in 1989. In addition, she is on the board of the National Endowment for Democracy, which makes grants…
โข
“The pound rose against the dollar, snapping a three-day drop, as reports showed inflation above economistsโ forecasts and higher retail sales, stoking speculation that the Bank of England may raise interest rates. โAlthough inflation is supposed to be coming down, itโs not falling as expected,โ said George Tchetvertakov, head of market research at Alpari Ltd.,…
โข
“Nobody understands money, least of all economists. Too sweeping a statement? Perhaps. But every analysis of the workings of monetary systems that I have ever read has been seriously in error at one or more crucial points. This is true not only of the supposedly impartial opuses of academic economics, but also of the writings…
โข
In the preface to one of his books, Hayek wrote that “Indeed I must admit that–although I am a convinced believer in the international gold standard–I regard the prospects of its restoration in the near future not without some concern. Nothing would be more fatal from a long run point of view than if the…
โข
“Committee members at the Bank of England and some economists have been puzzled by persistently high inflation in Britain, causing some concerns that the countryโs recovery might stagnate. Unlike in the United States and in countries that share the euro, inflation in Britain never came close to zero in 2009. And while core inflation, which…
โข
“Many people claim today that the U.S. economy is in a โliquidity trapโ and only government can spend us out of this mess. Commentators from Paul Krugman to Martin Wolf of the Financial Times assert we are in a โKeynesian situationโ; unless government spending rescues us, we are doomed to suffer decades of economic stagnation.…
โข
“February 2007 February 27, 2007 | Freddie Mac Press Release The Federal Home Loan Mortgage Corporation (Freddie Mac) announces that it will no longer buy the most risky subprime mortgages and mortgage-related securities. April 2007 April 2, 2007 | SEC Filing New Century Financial Corporation, a leading subprime mortgage lender, files for Chapter 11 bankruptcy…
โข
Our friends at Let Freedom Ring are hosting “The Stimflation Contest”. Contestants have a chance to win $10,000 for giving their best estimate on the next four years of inflation. For more details or to participate, click here.
โข
“The Federal Reserve is widely expected to leave rates unchanged at its policy-setting meeting today, but low inflation and continued uncertainty about the recovery has economists pushing their forecasts for the eventual rate increase even further into the future. In a midmonth addendum to the Wall Street Journalโs economic forecasting survey conducted this week, 15…
โข
“Inflation worries the general public much more than it does the economics profession, and economists remain perplexed as to exactly why. The costs that concern economists are inflationโs deadweight loss. But that is only a part of the losses that concern the public, because inflation simultaneously transfers some of peopleโs income into the hands of…
โข
“Judy Shelton is an economist who has written 15 pieces for the Wall Street Journal over the past two years. She is the author of several books including Money Meltdown in 1994 and The Coming Soviet Crash in 1989. In addition, she is on the board of the National Endowment for Democracy, which makes grants…
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