Tuesday, 22 July 2014

Monthly Archives December 2010

Second Annual Sound Money Essay Contest

Posted by Alex Chafuen
December 30, 2010

Is the world economy in crisis because it lacks the fundamentals of sound money?  If you believe that sound money is the key to our recovery, tell us why.    Join Atlas’s 2nd Annual Sound Money Essay Contest and win cash prizes.  This  year’s theme is “Money in Crisis.”  Deadline is January 15th, 2011.

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“Impacts of Proposed Changes in the Fed’s Mandate” – Taylor

Posted by Tom Duncan
December 29, 2010

“[T]here are several reasons to believe that QE2 would not have happened had Fed officials not been able to refer to a dual mandate in the Federal Reserve Act as justification for the intervention. First consider this bit of emprical evidence: There have never been so many references to the dual mandate by Fed officials […]

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“Lehman ‘Prophet’ Fears Second Crisis If US Interest Rates Are Kept Low”

Posted by Tom Duncan
December 29, 2010

“The criticism of the Federal Reserve comes as it embarks on another $600bn (£380bn) of quantitative easing – or printing money – in an effort to fire up a stronger recovery next year. Interest rates around the western world, including in Britain, have sat at or below 1pc since the near collapse of the financial […]

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“Inflation and Interest Rate Trends Look Positively for Gold in 2011″

Posted by Tom Duncan
December 28, 2010

“Gold prices generally rise during times of actual or projected inflation because of gold’s traditional status as a “safe haven” asset. Gold buyers seeking an asset which reacts favorable to inflation or currency devaluation often move from the falling currency into gold. Currently, the Federal Reserve is more concerned with deflation than inflation and, as […]

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“Central Bank Targets Inflation” – China

Posted by Tom Duncan
December 28, 2010

“The over-fast growth of the domestic real estate market has been the result of the country’s unusual monetary policy since the start of the global financial crisis. The latest rate hike indicates the central bank’s resolve to restore the emergency monetary policy to normal and bring the red-hot real estate market back onto the track […]

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“The Fed’s Dual Mandate Is Not The Problem” – WSJ

Posted by Tom Duncan
December 28, 2010

“While some clarification of its price-stability mandate might help, the central bank is already required to keep credit growth in check. Its full legal mandate is as follows: “The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long run growth of monetary and credit aggregates commensurate with […]

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“For Tough Fed Call, Even Hindsight Is Not 20/20″ – WSJ

Posted by Tom Duncan
December 27, 2010

“The world has changed since the Federal Reserve decided in November to purchase an additional $600 billion of U.S. Treasury bonds to give the U.S. economy a lift. The U.S. economy looks stronger. The government is unexpectedly cutting taxes. The Fed is facing stiff political criticism at home and abroad. In part as a result […]

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“Fed’s Free Money Lures This Important Writer: Kevin Hassett”

Posted by Tom Duncan
December 27, 2010

“If I were to default on my debts, the world would see that even trained economists who spend little on their appearance can’t make ends meet. Imagine the global panic, the massive selloff, that would follow. Clearly, then, I meet the definition of systemically important. Not convinced? The Dodd-Frank financial law, in creating the Financial […]

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