Economy News

from AIER

Established 1999

New England, USA

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Sound Money Project

  • •

    “Death and Taxes, Including Inflation: the Public versus Economists”

    “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 inflation’s deadweight loss. But that is only a part of the losses that concern the public, because inflation simultaneously transfers some of people’s income into the hands of…

  • •

    “U.S. Stocks Flit Between Gains and Losses Ahead of Fed”

    “Stocks wavered early Wednesday as investors awaited word from the Federal Reserve on its latest interest-rate decision and the outlook for the U.S. economy. The Dow Jones Industrial Average, which entered Wednesday’s trading on a two-day losing streak, posted a small gain just after the open but recently retreated to trade 11 points lower at…

  • •

    “Q&A With Judy Shelton”

    “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…

  • •

    “The Role of Monetary Policy”

    “There is wide agreement about the major goals of economic policy: high employment, stable prices, and rapid growth. There is less agree-ment that these goals are mutually compatible or, among those who re-gard them as incompatible, about the terms at which they can and should be substituted for one another. There is least agreement about…

  • •

    The Housing Boom and Bust

    “Now, in The Housing Boom and Bust (Basic Books), Sowell contemplates the greatest expansion of government power in a generation, which was itself occasioned by the greatest economic crisis in as long. A quick but thorough guide to the causes of the crises, Sowell’s book shows how government policies led to a huge increase in…

  • •

    “Fed Watch: Europe Debt Crisis May Lead to More Cautious FOMC”

    “Federal Reserve officials could express more caution about the U.S. economy’s recovery after their meeting this week, giving them additional reason to keep short-term interest rates close to zero for a while. The three meetings of the Fed’s policy-setting body so far this year have all ended with the U.S. central bank giving a gradually…

  • •

    Chinese Currency Reform

    The Chinese government announced this weekend that they would move towards a greater degree of flexibility in the exchange rate. As stated by by the People’s Bank of China: “In view of the recent economic situation and financial market developments at home and abroad, and the balance of payments (BOP) situation in China, the People’s…

  • •

    “Motionless Fed Likely to Provide No Cheer”

    “No news isn’t always good news. When Federal Reserve officials meet this week, almost two months will have passed since their last policy-setting conclave, the longest such stretch of the year. And it has been a pretty woeful period for financial markets. Since the Fed’s last meeting ended April 28, market volatility has surged, the…

  • •

    Greenspan Warns of Fiscal Profligacy

    In a Wall Street Journal op-ed, former Fed Chairman Alan Greenspan warns of U.S. fiscal profligacy, in part fuelled by the current low borrowing costs of the government: “Despite the surge in federal debt to the public during the past 18 months—to $8.6 trillion from $5.5 trillion—inflation and long-term interest rates, the typical symptoms of…

  • •

    Greek Government Junk Bonds

    The Greek crisis rolls on.  This week yields on Greek government bonds rose by almost 3/4 of a percentage point to 9.06 percent as Moody’s–a rating agency–downgraded its debt to junk bond status citing “substantial” risks in connection with the three-year Greek  program for economic reform. Furthermore, being downgraded to junk bond status also means…

  • •

    “Death and Taxes, Including Inflation: the Public versus Economists”

    “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 inflation’s deadweight loss. But that is only a part of the losses that concern the public, because inflation simultaneously transfers some of people’s income into the hands of…

  • •

    “U.S. Stocks Flit Between Gains and Losses Ahead of Fed”

    “Stocks wavered early Wednesday as investors awaited word from the Federal Reserve on its latest interest-rate decision and the outlook for the U.S. economy. The Dow Jones Industrial Average, which entered Wednesday’s trading on a two-day losing streak, posted a small gain just after the open but recently retreated to trade 11 points lower at…

  • •

    “Q&A With Judy Shelton”

    “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…

  • •

    “The Role of Monetary Policy”

    “There is wide agreement about the major goals of economic policy: high employment, stable prices, and rapid growth. There is less agree-ment that these goals are mutually compatible or, among those who re-gard them as incompatible, about the terms at which they can and should be substituted for one another. There is least agreement about…

  • •

    The Housing Boom and Bust

    “Now, in The Housing Boom and Bust (Basic Books), Sowell contemplates the greatest expansion of government power in a generation, which was itself occasioned by the greatest economic crisis in as long. A quick but thorough guide to the causes of the crises, Sowell’s book shows how government policies led to a huge increase in…

  • •

    “Fed Watch: Europe Debt Crisis May Lead to More Cautious FOMC”

    “Federal Reserve officials could express more caution about the U.S. economy’s recovery after their meeting this week, giving them additional reason to keep short-term interest rates close to zero for a while. The three meetings of the Fed’s policy-setting body so far this year have all ended with the U.S. central bank giving a gradually…

  • •

    Chinese Currency Reform

    The Chinese government announced this weekend that they would move towards a greater degree of flexibility in the exchange rate. As stated by by the People’s Bank of China: “In view of the recent economic situation and financial market developments at home and abroad, and the balance of payments (BOP) situation in China, the People’s…

  • •

    “Motionless Fed Likely to Provide No Cheer”

    “No news isn’t always good news. When Federal Reserve officials meet this week, almost two months will have passed since their last policy-setting conclave, the longest such stretch of the year. And it has been a pretty woeful period for financial markets. Since the Fed’s last meeting ended April 28, market volatility has surged, the…

  • •

    Greenspan Warns of Fiscal Profligacy

    In a Wall Street Journal op-ed, former Fed Chairman Alan Greenspan warns of U.S. fiscal profligacy, in part fuelled by the current low borrowing costs of the government: “Despite the surge in federal debt to the public during the past 18 months—to $8.6 trillion from $5.5 trillion—inflation and long-term interest rates, the typical symptoms of…

  • •

    Greek Government Junk Bonds

    The Greek crisis rolls on.  This week yields on Greek government bonds rose by almost 3/4 of a percentage point to 9.06 percent as Moody’s–a rating agency–downgraded its debt to junk bond status citing “substantial” risks in connection with the three-year Greek  program for economic reform. Furthermore, being downgraded to junk bond status also means…