Wednesday, 23 July 2014

Monthly Archives June 2010

“Chicago Fed’s Evans ‘wary’ of more asset purchases”

Posted by Tom Duncan
June 30, 2010

“”There are limits to what policy can do,” especially to improve the nation’s labor market, Evans said in a television interview on CNBC. Interest rates are near zero as the Federal Reserve’s stuck with an accommodative monetary policy, and it’s already purchased $1.75 trillion of housing-related assets to keep long-term market interest rates low.” Read […]

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“Worst Still Ahead for Economic and Systemic-Solvency Crises”

Posted by Tom Duncan
June 30, 2010

“The U.S. economy continues in its longest and deepest downturn since the early 1930s, the first downleg of the Great Depression. This structural contraction already shows characteristics of a depression. Particularly protracted and deep, it will remain unresponsive to traditional economic stimuli. Given the historical and current extreme fiscal malfeasance of the U.S. government, and […]

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Money: Its Origins, Development, Debasement and Prospects

Posted by Tom Duncan
June 30, 2010
in Books

“This book tells how money has conferred power and profits to those in positions to monopolize its production, abuse their power, and ultimately destroy the value of the nation’s economy. It tells why government has not and will not — because it can not — preserve the value of your money. It tells how we […]

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“The Use of Knowledge in Society”

Posted by Tom Duncan
June 30, 2010

“The peculiar character of the problem of a rational economic order is determined precisely by the fact that the knowledge of the circumstances of which we must make use never exists in concentrated or integrated form but solely as the dispersed bits of incomplete and frequently contradictory knowledge which all the separate individuals possess. The […]

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The United States: Deficit Champion

Posted by Tom Duncan
June 30, 2010
in Blog

“Evidence that the current Administration is taking a different tack on economic policy was abundant at the recent Group of 20 (G-20) meetings in Toronto. The European governments, led by Germany, were arguing for deficit and debt reduction while the U.S. was resisting attempts to rein in spending. Although the U.S. went along with the […]

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