โข
“If every time we bring the results of the sweat of our brow to market, we are subject to an arbitrary assessment of their worth, either we are suffering from deliberate imposts on the part of the authorities, or we are partaking not in an entrepreneurial risk, but in a capricious lottery in which we…
โข
“The dollar dropped to a 15-year low against the yen and the weakest in more than eight months against the euro amid growing expectations the Federal Reserve will expand credit easing to sustain the U.S. recovery.” Read more.ย “Dollar Reaches 15-Year Low Versus Yen on Fed; Euro Strengthens”ย Keith Jenkins and Yasuhiko Sekiย Businessweek, October…
โข
“Investor reaction to Ben Bernankeโs apparent focus on price indices โ jumping into the stock market when he hints that he may not raise rates, and jumping out when they suspect he will โ is understandable. These reactions do not imply that investors prefer inflation, but rather that they expect the Fed may be overshooting…
โข
“To summarize: government programs to support housing have depressed rental prices, which is making core inflation artificially low. And since the Fed uses core CPI as one of its primary inflation gauges, Bianco says the central bank is lulling itself into a false sense of security about inflation.” Read more.ย “The Fed Is All Wrong…
โข
“A lasting solution would be to recognize explicitly that market prices, reflected in the yield curve and gold price have been the most reliable signals of the global demand for dollar liquidity. The daily correlation between gold and the dollar has been in the โ0.9 range over extended periods, whereas the correlation coefficient for the…
โข
“From my view, I would welcome the day when the topic of this conferenceโโMoney, Politics, and the Business Cycleโโwould become obsolete. Not because there is no relation between money, politics, and the business cycle; there is. But I would welcome the day when we quit trying to use monetary policy to fine tune the economy…
โข
“In addition to encouraging fiscal responsibility on the part of consumers, low but stable inflation (or even deflation) is also good for the long term economy, because it allows producers to know their costs. This predictability allows producers to generate reliable profits which will eventually result in a strong healthy economy. Inflation is bad for…
โข
“Inflation is a process of continuous increase in the prices of most goods and services in a country. This does not necessarily mean that all prices increase. There may be some exceptions, such as computer prices which have actually declined in recent years. Inflation can therefore be described as a persistent general increase in prices.”
โข
“Though Republican Rep. Ron Paul told The Daily Caller last week that he was worried that โsome people have slipped into the Tea Party who are awfully close to being part of the establishment,โ on at least one particular anti-establishment issue close to the Texas congressmanโs heart โ auditing the Federal Reserve โ Tea Party…
โข
“A mere half-hour after Treasury Secretary Timothy Geithner praised the “necessary” and “very substantial” actions of the Bush and Obama administrations to “break the back of the financial crisis,” one of the world’s leading financial minds said Thursday that the United States is in the same economic predicament today as it was in 2007, predicting…
โข
“If every time we bring the results of the sweat of our brow to market, we are subject to an arbitrary assessment of their worth, either we are suffering from deliberate imposts on the part of the authorities, or we are partaking not in an entrepreneurial risk, but in a capricious lottery in which we…
โข
“The dollar dropped to a 15-year low against the yen and the weakest in more than eight months against the euro amid growing expectations the Federal Reserve will expand credit easing to sustain the U.S. recovery.” Read more.ย “Dollar Reaches 15-Year Low Versus Yen on Fed; Euro Strengthens”ย Keith Jenkins and Yasuhiko Sekiย Businessweek, October…
โข
“Investor reaction to Ben Bernankeโs apparent focus on price indices โ jumping into the stock market when he hints that he may not raise rates, and jumping out when they suspect he will โ is understandable. These reactions do not imply that investors prefer inflation, but rather that they expect the Fed may be overshooting…
โข
“To summarize: government programs to support housing have depressed rental prices, which is making core inflation artificially low. And since the Fed uses core CPI as one of its primary inflation gauges, Bianco says the central bank is lulling itself into a false sense of security about inflation.” Read more.ย “The Fed Is All Wrong…
โข
“A lasting solution would be to recognize explicitly that market prices, reflected in the yield curve and gold price have been the most reliable signals of the global demand for dollar liquidity. The daily correlation between gold and the dollar has been in the โ0.9 range over extended periods, whereas the correlation coefficient for the…
โข
“From my view, I would welcome the day when the topic of this conferenceโโMoney, Politics, and the Business Cycleโโwould become obsolete. Not because there is no relation between money, politics, and the business cycle; there is. But I would welcome the day when we quit trying to use monetary policy to fine tune the economy…
โข
“In addition to encouraging fiscal responsibility on the part of consumers, low but stable inflation (or even deflation) is also good for the long term economy, because it allows producers to know their costs. This predictability allows producers to generate reliable profits which will eventually result in a strong healthy economy. Inflation is bad for…
โข
“Inflation is a process of continuous increase in the prices of most goods and services in a country. This does not necessarily mean that all prices increase. There may be some exceptions, such as computer prices which have actually declined in recent years. Inflation can therefore be described as a persistent general increase in prices.”
โข
“Though Republican Rep. Ron Paul told The Daily Caller last week that he was worried that โsome people have slipped into the Tea Party who are awfully close to being part of the establishment,โ on at least one particular anti-establishment issue close to the Texas congressmanโs heart โ auditing the Federal Reserve โ Tea Party…
โข
“A mere half-hour after Treasury Secretary Timothy Geithner praised the “necessary” and “very substantial” actions of the Bush and Obama administrations to “break the back of the financial crisis,” one of the world’s leading financial minds said Thursday that the United States is in the same economic predicament today as it was in 2007, predicting…
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