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Written by Michael S. Derby
- The Wall Street Journal |
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Thursday, January 17, 2013 |
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Esther George, president of the Federal Reserve Bank of Kansas City, stepped forward as a new, high-profile internal critic of the Federal Reserve's easy-money policies.
Ms. George told an audience in Kansas City, Mo., Thursday that current Fed policies made her "uneasy" and warned that the Fed "must not ignore the possibility" that monetary policy could contribute to new bubbles that harm the financial system.
"A long period of unusually low interest rates is changing investors' behavior and is reshaping the products Read more |
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Written by Julia A. Seymour
- MRC Business and Media Institute |
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Thursday, January 10, 2013 |
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... Ralph Benko, editor of the Lehrman Institute's monetary policy website, recently attacked the platinum coin proposal, noting its violation of a monetary principle first established by the famed astronomer Copernicus. He also pointed to the hyper-inflation experienced recently in Zimbabwe, when its government violated the same principle.
In spite of left-wing opposition to spending cuts, there is a huge spending problem in the U.S. The editorial board of Investor’s Business Daily reminded readers of that very fa Read more |
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Written by Lewis E. Lehrman
- The Weekly Standard |
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Tuesday, January 08, 2013 |
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Who caused the financial collapse? Just about everyone.
To appreciate this landmark work it is necessary to know a bit about the author’s background.
John Allison is not only a banker-entrepreneur; he is also a recognized intellectual leader of American business. Moreover, Allison’s financial expertise is a product of his personal biography: In a mere two decades, he built BB&T (Branch Banking & Trust Co.), a comparatively small Southern bank of $4.5 billion in assets, into a $152-billion financial enterprise, ma Read more |
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Written by Detlev Schlichter
- Gold Made Simple |
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Wednesday, December 12, 2012 |
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Some people say that the euro is like a gold standard and that its failure demonstrates the undesirability of a return to gold. This is nonsense. To the contrary, the euro would work better if it operated more like the gold standard and if it was as hard, as inflexible and as non-political as gold.
Every Monday morning the readers of the UK’s Daily Telegraph are treated to a sermon on the benefits of Keynesian stimulus economics, the dangers of belt-tightening and the unnecessary cruelty of ‘austerity’ imposed on Eur Read more |
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Written by Douglas French
- The Daily Reckoning |
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Monday, November 05, 2012 |
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During the last debate, Mitt Romney emphatically stated he would blast China for manipulating its currency the first day he takes office. Talk about priorities. Of all the nation’s pressing issues, the minute the oath is over, he’ll be calling out China for manipulating the yuan.
A remark like that should cause exasperation for anyone in the know. As Mary Anastasia O’Grady writes in The Wall Street Journal, “To be consistent, Mr. Romney should call out the Federal Reserve on day two for engaging in its own currency ma Read more |
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