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“The Federal Reserve may purchase $2 trillion of assets to stimulate the U.S. economy and start by announcing a fresh round of monetary easing on Nov. 3, Goldman Sachs Group Inc. said. โWe expect an announcement of $500 billion or perhaps slightly more over a period of about six months,โ Jan Hatzius, the New York-based…
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“Oil prices rose to near $81 a barrel Friday in Asia, rebounding slightly from the previous session’s steep drop, as traders mull the possible effects of anticipated moves by the U.S. Federal Reserve to spur economic growth.” Read more.ย “Oil rises to near $81 as traders mull Fed moves” Alex Kennedyย Businessweek, October 22, 2010.…
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Join hundreds of freedom’s allies at the world’s largest gathering of free market champions from the United States and around the globe. Atlasโs annual Liberty Forum has become a โmust-attendโ event for members of the worldwide think tank community. Now in its 10th year and moved to November to complement our annual Freedom Dinner, the…
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Northwood Universityโs Forum for Citizenship and Enterprise, in partnership with the Atlas Economic Research Foundation, will host a lecture by Northwood University Professor Richard Ebeling on the importance of sound money for a free society. The lecture is titled โEnding Monetary Socialism: Gold, Sound Money, and the Free Society.โ The event will be held on…
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“Hypothetical monetary systems always look better than actual experience. Economists therefore view their responsibility as deciding what characteristics money ought to have, then imposing that money on the public. The same economists presumably would not dictate what sorts of shoes we should have, or how many, or one what terms. The question of why economists…
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“When money is created at a faster rate than real economic growth, the result is inflation. Yet so far this year, Chinaโs official statistics show consumer inflation at barely over 3 percent. Those figures have many economists scratching their heads, wondering where the inflation went, while most people in China seem content to believe their…
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“In order to avoid the global recession that took hold in 2008, China implemented an aggressive stimulus policy. Credit was made plentiful and the inflation machine kept on chugging. The amount of foreign capital attracted to China’s continued growth helped to push prices of real property higher and higher.” Read more.ย Surprise! China Has Inflation…
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“The dollar weakened against 15 of 16 major peers, losing at least 1.5 percent versus currencies including the Australian dollar and Swedish krona. The U.S. currency has depreciated more than 3 percent versus all 16 major counterparts since the end of August, falling more than 10 percent versus the euro and Australian dollar, as speculation…
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“In a free market economy from which fiduciary media are excluded, economic progress will be limited, perhaps severely, by the high cost and correspondingly limited supply of small-denomination moneyโmoney that is needed to accomplish retail and other low-value exchanges. Historically, fiduciary token coins have proven to be the only practical means for addressing the small…
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“For many, Fed Chairman Ben Bernanke’s speech at the Boston Federal Reserve Bank conference last Friday confirmed expectations that renewed quantitative easing will definitely be approved at the Nov. 2-3 Federal Open Market Committee meeting. “QE2” advocates seized on his comment that high unemployment and low inflation make “a case for further action,” although that…
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