Tuesday, 28 March 2017

Monthly Archives March 2010

The Healthcare Question Revisited

Posted by Tom Duncan
March 26, 2010

A few weeks ago, I wrote a piece on the effect the new healthcare bill will have on your money, namely, the inflation that will result when the new system begins to run over the budget. This week, I’d like to address a few of the reasons why I believe that the expenses will be […]

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Monetary Policy in a World of Uncertain Productivity Growth

Posted by Tom Duncan
March 25, 2010

“This paper considers inflation forecasts for 2001 under two different assumptions about productivity growth. One assumption, the optimistic one, is that productivity growth has risen above its long-run historical average and that 2001 will see near price stability. The other, the pessimistic one, is that monetary policy itself has been a major factor influencing productivity […]

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Inflation

Posted by Tom Duncan
March 24, 2010

“Inflation rates vary from year to year and from currency to currency. Since 1950, the U.S. dollar inflation rate, as measured by the December-to-December change in the U.S. Consumer Price Index (CPI), has ranged from a low of −0.7 percent (1954) to a high of 13.3 percent (1979). Since 1991, the rate has stayed between […]

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“Obama Pays More Than Buffett”

Posted by Tom Duncan
March 23, 2010

“The bond market is saying that it’s safer to lend to Warren Buffett than Barack Obama. Two-year notes sold by the billionaire’s Berkshire Hathaway Inc. in February yield 3.5 basis points less than Treasuries of similar maturity, according to data compiled by Bloomberg. Procter & Gamble Co., Johnson & Johnson and Lowe’s Cos. debt also […]

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“Bailout Bonanza”

Posted by Tom Duncan
March 22, 2010

“Sen. Chris Dodd’s latest bill to fix the financial system is another failure. After months of negotiation, he’s produced a “reform” of the regulatory system that simply fails to deal with the causes of the 2008 crisis — which nearly saw the collapse of the US banking system. Reform is urgently needed, but the senator […]

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One Currency Doesn’t Require “One Europe”

Posted by Judy Shelton
March 19, 2010

 The creation of the euro was either the greatest historic achievement of the last century—or its worst delusion. Not to be glib, but the answer is both: The euro represents a magnificent step toward fulfilling money’s highest purposes—to serve as a medium of exchange, a unit of account, and a store of value—but it’s also […]

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