Economy News

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Established 1999

New England, USA

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    The Signals of the Fed

    The Fed made what it claims is a minimal change in strategy today, as it raised the emergency loan rate today from 0.5%. According to the Wall Street Journal, “The Fed said the move wasn’t meant to affect monetary policy…” Yet in a realm as dependent upon expectations as monetary policy, how could a marked…

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    Will Bernanke’s Exit Strategy Work?

    “On Wednesday, February 10, Federal Reserve Chairman Ben Bernanke was expected to appear before the House Committee on Financial Services to testify on the Fed’s extraordinary measures taken during the financial crisis, and how the Fed is planning to unwind them. Though cancelled by the “snowmageddon” that hit the DC area, has been published on…

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    “The Gold Standard”

    Lawrence H. White speaks to students attending FEE’s 2009 Young Scholars Colloquium at Northwood University. To see the full video, please go here. “The Gold Standard” Lawrence H. White Young Scholars Colloquium, July 16, 2009. Via the Foundation for Economic Education

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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…