Sunday, 20 August 2017


Sound Money for Ukraine

Posted by Alex Chafuen
February 26, 2014

Another brilliant piece by Judy Shelton: “As Ukrainians mourn their dead and vow to prosecute their recently deposed leader, the valor of those who died must now inspire others to build a new Ukraine worthy of their struggle and sacrifice. Democracy and a better future must be secured in pragmatic terms. Economic benefits must begin […]

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Is Deleveraging “Bad for the Economy”?

Posted by Tyler Watts
December 19, 2011

A while back there was a story in the Wall Street Journal (“America’s Debt Cutting Hampers Growth,” Oct. 22) about deleveraging in the U.S. economy. American households, burned by the recession, have a new-found frugality and are reducing their overall debt loads for the first time in decades. Looks like a lot of people learned […]

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Why We Can’t Escape the Eurocrisis

Posted by Gonzalo Schwarz
November 2, 2011

EU and U.S. debt are interlinked through the banking system. By GERALD P. O’DRISCOLL JR. When is a bailout not a bailout? When the bailor is short of funds. The recently announced debt plan in the European Union comes up short in almost all respects. The debt crisis is not just an EU problem, but a […]

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“Barney Frank’s Latest Bad Idea” – WSJ

Posted by Tom Duncan
May 31, 2011

“Mr. Frank’s bill is simple and remarkably short by Washington standards: two pages. It would strike the language in Section 12A of the Federal Reserve Act that provides for voting membership by the New York Fed and rotating voting membership by the other 11 Federal Reserve banks on the Federal Open Market Committee (FOMC). Monetary […]

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“The Return of Stagflation” – WSJ

Posted by Tom Duncan
May 24, 2011

“‘Stagflation” is an ugly word for an ugly situation: persistent high inflation combined with high unemployment and stagnant demand in a country’s economy. The term was coined by British politician Iain Mcleod in a speech to Parliament in 1965. We haven’t experienced it here in the United States since the bad old days of the […]

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“Bernanke’s Code: A Guide to Fed Chairman’s First Q&A” – WSJ

Posted by Tom Duncan
April 27, 2011

“When Federal Reserve Chairman Ben Bernanke makes his debut press conference Wednesday, his every word will be parsed for signs of where he hopes to take U.S. monetary policy. Specifically, many people want to know when the central bank will begin raising interest rates, and when it will begin off-loading some assets, including Treasurys and […]

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