Latest
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“Oil Rises as Dollar Weakens on Speculation of Fed Credit-Easing”
“Oil for December delivery rose as much as 53 cents to $81.96 a barrel in electronic trading on the New York Mercantile Exchange. It was at $81.84 at 11:07 a.m. Singapore time. On Oct. 29, the contract dropped 0.9 percent to $81.43, trimming the advance in October to 1.8 percent. The dollar dropped for a…
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“Why the Fed’s bold move won’t work”
“Critics of the Fed — and even someFed members — point to various unintended consequences QE2, including the possibility of a new asset bubble in financial markets, a return of inflation at painful levels, and even a currency or trade war with U.S. trading partners due to a weakening dollar. But some economists say the…
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“Regulators Must Get Rules of the Road Right”
“Americans rely on financial services to help meet their needs: for retirement, education, homeownership and indeed every aspect of their lives… Will the new rules ensure that the costs of credit remain accessible for businesses and individuals to meet their financing needs? What is the impact of the final rules on companies’ competitiveness when they…
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“Fear of Currency War Grows as US Dollar’s Value Falls”
“Is this a currency war or what?… In Washington, where a “strong dollar” has been the mantra for years, policymakers are taking steps that could make the already weak dollar weaker still… The dollar’s decline is being driven by what everyone in global markets is expecting — another round of so-called quantitative easing by the…
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“America’s ‘Plan’ to Destabilize China”
“In early October, China’s Premier Wen Jiabao addressed European leaders in Brussels. Ominous talk of currency wars dominated the proceedings. And why not? After all, America — and a growing coalition of forces — has mounted a massive attack on China. And the Americanled coalition’s weapon of choice is the renminbi- U.S. dollar exchange rate.…
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“Toward a Free-Market Money”
“Despite the overwhelming evidence that markets perform best when left alone by the government, it is still virtually taken for granted that one consumer product should be completely controlled by every government in the world. One product, so ubiquitous, that it’s used by almost everyone in the world on a daily basis: money. Money is…
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“Bank Failures in Slow Motion”
“Every Friday evening a few more banks are closed — seized by the various state banking regulators and handed over to the Federal Deposit Insurance Corporation (FDIC) for liquidation. This all happens rather quietly, barely making the news. We’re told these bank failures are no big deal. No reason to panic. The names of the…
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“Monetary Theory and the Trade Cycle” – F.A. Hayek
“It seems certain, however, that we shall merely make matters worse if we aim at curing the deflationary symptoms and, at the same time (by the erection of trade barriers and other forms of state intervention) do our best to increase rather than to decrease the fundamental maladjustments. More than that: while the advantages of…
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Sound Money at the Liberty Forum! Nov. 10
In The Constitution of Liberty, F.A. Hayek advised: “All those who wish to stop the drift toward increasing government control should concentrate their effort on monetary policy”. Sound Money will have a special panel during Atlas’s upcoming Liberty Forum on Wednesday, November 10, at 9:00am. The Sound Money session will feature talks by: Judy Shelton…
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“Surging Inflation Spurs Debt Concern in 2012, Swaps Show: Argentina Credit”
“The third-highest inflation rate in the world is making investors less confident in Argentina’s ability to keep up economic growth and repay debt beginning in 2012, credit default swaps show. Five-year contracts that protect investors against a default by Argentina cost 123 basis points, or 1.23 percentage points, more than two-year swaps on Oct. 15,…
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