Broad side of a barn
Before it became synonymous with deflation fighting and “helicopter money,” the name of the new Federal Reserve chairman-designate was identified with “inflation targeting.” End of the honor system
If the U.S. economy is “fundamentally sound,” as Treasury Secretary Henry Paulson patriotically insisted before a Washington, D.C., housing conference last week, it’s a new kind of soundness. Paper tigers
A new high in the prestige of modern central banks was recorded two Fridays ago when Britain waylaid the gold market. Without warning, Her Majesty’s government announced the sale of more than half of the U.K. gold reserve, formerly called “treasure.”
|
Most Popular:By Author:By Publisher: |
The Gold Standard | Now |
   
|
