Economy News

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Established 1999

New England, USA

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Sound Money Project

  • •

    “Public Still Feels Inflation’s Pinch” – WSJ

    “Of course, the inflation any individual faces almost surely differs from the government’s aggregate data. Outside of housing, middle-income consumers have experienced more inflation than other income groups over the past year, in part because they devote a relatively large share of their budget to energy and transportation. For the year ended in October, prices…

  • •

    “Fed’s Move Doesn’t Impress Top CEO’s”

    “The sudden increase in capital investments would create jobs and encourage economic growth, which would then make it possible to weather the interest rate hikes the Fed would inevitably adopt to keep inflation from getting out of hand. That’s the theory, but not many companies are buying it. I talked to a few chief executives…

  • •

    “The Triumphant Return of Hayek” – Newsweek

    “Last year the consensus opinion was that we are all Keynesians now. Virtually everyone in the commentariat believed that John Maynard Keynes’s solution for the Great Depression—heavy government spending to resuscitate the economy—was also the answer to today’s global downturn. The first cracks in the consensus appeared with the outbreak of the fiscal crisis in…

  • •

    “China, Russia quit dollar”

    “China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday. Chinese experts said the move reflected closer relations between Beijing and Moscow and is not aimed at challenging the dollar, but to…

  • •

    “Here’s Why the Fed Plan Is Failing: We’re All Austrians Now” – CNBC

    “We may all be Austrians now. Not since the New Deal has Austrian economics enjoyed the political popularity it does now. Austrian economists are awfully popular with the Republican Party, especially its Tea Party wing. Peter Schiff, the Austrian economics-inflected investment advisor, is a very popular guest on business television. Tom Woods’ book “Meltdown”—which provided…

  • •

    The Fed: Defending the Indefensible

    “Although the credibility of the Fed has been questioned for years in some quarters, the first major crack in the wall took place in May, 2009, when Elizabeth Coleman, inspector general of the Federal Reserve, was directly and repeatedly questioned about the Fed’s actions by Rep. Alan Grayson (D-Fla.). Coleman’s inability to articulate any kind…

  • •

    “Bust Cycles and the Fed”

    “In 2003, the Federal Reserve Bank lowered the Fed funds rate down to 1.25%. This was the lowest level that the Fed funds rate had been since 1954. Again, the low interest rate gave birth to the housing and credit boom. This rally or boom cycle lasted just 5 years and as we know lead…

  • •

    “Argentina Seeks IMF Help to Start New Inflation Index”

    “Argentina’s government, in an unexpected shift toward economic pragmatism, said it was seeking technical assistance from the International Monetary Fund to design a new inflation index that could help restore credibility to official statistics. Economists said the IMF statistical input, coupled with Argentina’s recent announcement that it would negotiate with the Paris Club of lender…

  • •

    “Bernanke’s Raid on the Middle Class” – James Bacon

    “Twenty-four conservative economists and writers have published an open letter calling upon the Federal Reserve to abandon a second round of “quantitative easement” that entails borrowing another $600 billion in U.S. Treasury bonds. “The planned asset purchases risk currency debasement and inflation, and we do not think they will achieve the Fed’s objective of promoting…

  • •

    “Brazil’s Inflation Tops Estimates…”

    “Inflation, as measured by the IPCA-15 price index, quickened to 0.86 percent in the month through mid-November from the same period a month earlier, the fastest pace in 9 months, the national statistic agency said today. Economists forecast a 0.72 percent gain, according to the median estimate in a Bloomberg survey of 33 analysts. Bond…

  • •

    “Public Still Feels Inflation’s Pinch” – WSJ

    “Of course, the inflation any individual faces almost surely differs from the government’s aggregate data. Outside of housing, middle-income consumers have experienced more inflation than other income groups over the past year, in part because they devote a relatively large share of their budget to energy and transportation. For the year ended in October, prices…

  • •

    “Fed’s Move Doesn’t Impress Top CEO’s”

    “The sudden increase in capital investments would create jobs and encourage economic growth, which would then make it possible to weather the interest rate hikes the Fed would inevitably adopt to keep inflation from getting out of hand. That’s the theory, but not many companies are buying it. I talked to a few chief executives…

  • •

    “The Triumphant Return of Hayek” – Newsweek

    “Last year the consensus opinion was that we are all Keynesians now. Virtually everyone in the commentariat believed that John Maynard Keynes’s solution for the Great Depression—heavy government spending to resuscitate the economy—was also the answer to today’s global downturn. The first cracks in the consensus appeared with the outbreak of the fiscal crisis in…

  • •

    “China, Russia quit dollar”

    “China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday. Chinese experts said the move reflected closer relations between Beijing and Moscow and is not aimed at challenging the dollar, but to…

  • •

    “Here’s Why the Fed Plan Is Failing: We’re All Austrians Now” – CNBC

    “We may all be Austrians now. Not since the New Deal has Austrian economics enjoyed the political popularity it does now. Austrian economists are awfully popular with the Republican Party, especially its Tea Party wing. Peter Schiff, the Austrian economics-inflected investment advisor, is a very popular guest on business television. Tom Woods’ book “Meltdown”—which provided…

  • •

    The Fed: Defending the Indefensible

    “Although the credibility of the Fed has been questioned for years in some quarters, the first major crack in the wall took place in May, 2009, when Elizabeth Coleman, inspector general of the Federal Reserve, was directly and repeatedly questioned about the Fed’s actions by Rep. Alan Grayson (D-Fla.). Coleman’s inability to articulate any kind…

  • •

    “Bust Cycles and the Fed”

    “In 2003, the Federal Reserve Bank lowered the Fed funds rate down to 1.25%. This was the lowest level that the Fed funds rate had been since 1954. Again, the low interest rate gave birth to the housing and credit boom. This rally or boom cycle lasted just 5 years and as we know lead…

  • •

    “Argentina Seeks IMF Help to Start New Inflation Index”

    “Argentina’s government, in an unexpected shift toward economic pragmatism, said it was seeking technical assistance from the International Monetary Fund to design a new inflation index that could help restore credibility to official statistics. Economists said the IMF statistical input, coupled with Argentina’s recent announcement that it would negotiate with the Paris Club of lender…

  • •

    “Bernanke’s Raid on the Middle Class” – James Bacon

    “Twenty-four conservative economists and writers have published an open letter calling upon the Federal Reserve to abandon a second round of “quantitative easement” that entails borrowing another $600 billion in U.S. Treasury bonds. “The planned asset purchases risk currency debasement and inflation, and we do not think they will achieve the Fed’s objective of promoting…

  • •

    “Brazil’s Inflation Tops Estimates…”

    “Inflation, as measured by the IPCA-15 price index, quickened to 0.86 percent in the month through mid-November from the same period a month earlier, the fastest pace in 9 months, the national statistic agency said today. Economists forecast a 0.72 percent gain, according to the median estimate in a Bloomberg survey of 33 analysts. Bond…