The headline reads “Conservative Republicans Propose to Pare Back Federal Reserve’s Dual Role.” (See http://www.nytimes.com/2010/11/17/business/economy/17fed.html?_r=1&ref=todayspaper.) The Federal Reserve...
Read MoreGovernment interventions are taking place all over the world from the Federal Reserve’s quantitative easing program to the efforts to prevent debt write-downs in Europe to South Korea’s currency intervention. Will...
Read More“Even running the Princeton Economics Department was easier than this!”
Read MorePresident Obama has returned to Washington, D. C. We are told that he plans upon his return to focus on domestic economic issues. The president has had two weeks that have not necessarily been the best of his administration. The...
Read MoreWe have been told for at least two years now that the problems in the banking sector are liquidity problems. But, liquidity problems are of short-term nature and need to be resolved within a relatively short period of time. (See...
Read MoreWhen is the last time you heard that an American President was lectured to?Mr. Obama…it’s time to change teams.If you want to have any chance of getting re-elected in 2012 then you better make some changes now, both...
Read MoreReleased at 4:04 PM EST by the Wall Street Journal: “China’s Hu Rebuffs Weakened Obama at Summit” by Jonathan Weisman and Damian Paletta....
Read MoreThe foundation for the economic health of the world for the last fifty years has been the relatively free flow of capital begun in the 1960s.That consensus is being threatened now. The extent of the problem is captured in the...
Read MoreI missed the news. And, I presume a lot of others also missed the news. “In the weeks ahead, a 104-year-old unit of General Motors will be sold to new owners from China.The unit made steering equipment for decades under...
Read MoreDiscussion is swirling around the Fed’s new quantitative easing program, QE2.The wisest comment I have heard up to this point about the QE2 exercise is the quote attributed to the economist Allan Meltzer at a recent...
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