Sound Money Project
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“Japan’s Central Banker Rejects Setting Inflation Target”
“Inflation targeting has become a favored policy among many central banks world-wide, but the BOJ has resisted it, fearing Japan’s strong downward bias in prices would prevent the bank from ever raising interest rates. Instead it has relied on a softer price guidance in determining policy. The bank uses a range between 0% and 2%…
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“U.S. Expected to Press China on Yuan”
“The mounting political tension between U.S. and China is poised to take on a more pronounced economic component—with Washington, in coming months, expected to press China over what officials see as an undervalued yuan. This week, China is facing off with the U.S. over President Barack Obama’s planned meeting Thursday with the Dalai Lama, who…
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“Stagflation Comes to the U.K.”
“Inflation in the U.K. hit 3.5% annually in January, a level that required central banker Mervyn King to write a letter of explanation to the Treasury. Mr. King lays the blame for the price uptick largely at the feet of idiosyncratic factors. These include the Jan. 1 increase in the VAT rate to 17.5% from…
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“The United States: Debtor and Leader?”
“China sees a clear link between America’s ability to stand up for human rights and its economic interests—and Beijing isn’t afraid to exploit it. Mr. Weiqun was bluntly reminding the U.S. to take a close look at its balance sheet before indulging in any displays of moral support for an exiled Buddhist monk deemed a…
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Dr. Judy Shelton Joins Atlas!
The Atlas Economic Research Foundation and the Sound Money Project welcome Dr. Judy Shelton as a new Senior Fellow. As an economist specializing in global finance and monetary issues, Dr. Shelton has given expert testimony before the Joint Economic Committee, Senate Banking, Senate Foreign Relations, House Banking, and House Foreign Affairs committees. Her international articles…
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“Stimulus Measures May Lead to Another Crisis”
“Reserve Bank of India (RBI) Governor D Subbarao expressed is fears that the stimulus packages rolled out by central banks and governments to resolve the global financial meltdown, could lead to another financial debacle. This could be in the form of currency or fiscal crisis, the Governor said, reports PTI.” Read more. “Stimulus Measures May…
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“Australia Under Threat From US Economic Policy”
“Australia’s inflation target band is a touch higher and more flexible than those of most other advanced economy central banks, such as the Bank of England’s 2 per cent target. But this has still delivered relatively stable and low inflation in the face of wide swings in the Australian dollar. The Reserve Bank has not…
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“US Looks Abroad for Housing Help”
“As the U.S. housing market boomed in the past decade and fueled a bull market in mortgage investments, Norway’s government-owned fund went along for the ride — and the fall.” Read more. “U.S. looks to reluctant foreign investors to help fund the housing market” Howard Schneider The Washington Post, Tuesday, February 16, 2010.
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“Financial Crises and the Federal Reserve’s Punch Bowl”
“Why did the U.S. financial system nearly collapse last year? People blame Wall Street’s excessive greed and risk-taking. But without easy money, the massive risk-taking could not have happened. To be sure, financial firms leveraged up—that is, they did a lot of business with borrowed money. That juiced up revenues and bonuses in the boom—and…
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The Yo-Yo Tactic: Stop and Go Economics
In an op-ed for the Wall Street Journal, Fed Chairman Ben Bernanke commented on his “exit strategy”. There is a large amount of money floating around in the economy, and the Fed is finally starting to worry about it. Thus far, banks have held back the flow by keeping high reserves, but as Bernanke says in his…
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“Japan’s Central Banker Rejects Setting Inflation Target”
“Inflation targeting has become a favored policy among many central banks world-wide, but the BOJ has resisted it, fearing Japan’s strong downward bias in prices would prevent the bank from ever raising interest rates. Instead it has relied on a softer price guidance in determining policy. The bank uses a range between 0% and 2%…
-
“U.S. Expected to Press China on Yuan”
“The mounting political tension between U.S. and China is poised to take on a more pronounced economic component—with Washington, in coming months, expected to press China over what officials see as an undervalued yuan. This week, China is facing off with the U.S. over President Barack Obama’s planned meeting Thursday with the Dalai Lama, who…
-
“Stagflation Comes to the U.K.”
“Inflation in the U.K. hit 3.5% annually in January, a level that required central banker Mervyn King to write a letter of explanation to the Treasury. Mr. King lays the blame for the price uptick largely at the feet of idiosyncratic factors. These include the Jan. 1 increase in the VAT rate to 17.5% from…
-
“The United States: Debtor and Leader?”
“China sees a clear link between America’s ability to stand up for human rights and its economic interests—and Beijing isn’t afraid to exploit it. Mr. Weiqun was bluntly reminding the U.S. to take a close look at its balance sheet before indulging in any displays of moral support for an exiled Buddhist monk deemed a…
-
Dr. Judy Shelton Joins Atlas!
The Atlas Economic Research Foundation and the Sound Money Project welcome Dr. Judy Shelton as a new Senior Fellow. As an economist specializing in global finance and monetary issues, Dr. Shelton has given expert testimony before the Joint Economic Committee, Senate Banking, Senate Foreign Relations, House Banking, and House Foreign Affairs committees. Her international articles…
-
“Stimulus Measures May Lead to Another Crisis”
“Reserve Bank of India (RBI) Governor D Subbarao expressed is fears that the stimulus packages rolled out by central banks and governments to resolve the global financial meltdown, could lead to another financial debacle. This could be in the form of currency or fiscal crisis, the Governor said, reports PTI.” Read more. “Stimulus Measures May…
-
“Australia Under Threat From US Economic Policy”
“Australia’s inflation target band is a touch higher and more flexible than those of most other advanced economy central banks, such as the Bank of England’s 2 per cent target. But this has still delivered relatively stable and low inflation in the face of wide swings in the Australian dollar. The Reserve Bank has not…
-
“US Looks Abroad for Housing Help”
“As the U.S. housing market boomed in the past decade and fueled a bull market in mortgage investments, Norway’s government-owned fund went along for the ride — and the fall.” Read more. “U.S. looks to reluctant foreign investors to help fund the housing market” Howard Schneider The Washington Post, Tuesday, February 16, 2010.
-
“Financial Crises and the Federal Reserve’s Punch Bowl”
“Why did the U.S. financial system nearly collapse last year? People blame Wall Street’s excessive greed and risk-taking. But without easy money, the massive risk-taking could not have happened. To be sure, financial firms leveraged up—that is, they did a lot of business with borrowed money. That juiced up revenues and bonuses in the boom—and…
-
The Yo-Yo Tactic: Stop and Go Economics
In an op-ed for the Wall Street Journal, Fed Chairman Ben Bernanke commented on his “exit strategy”. There is a large amount of money floating around in the economy, and the Fed is finally starting to worry about it. Thus far, banks have held back the flow by keeping high reserves, but as Bernanke says in his…
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