Posts Tagged ‘ ben bernanke ’

Government Regulation and Financial Bailout

Sep 29th, 2008 | By Adrian Ash | Category: Economics, Politics
We love this nugget of irony, idiocy or just plain hypocrisy so much, we have to repeat it — clutching our sides and doubling-up in laughter, tears streaming down our disbelieving faces: “The reality of the situation is that an open, competitive, and liberalized financial market can effectively allocate scarce resources ...read more

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Inflation and Commodity Prices

Jun 18th, 2008 | By Ed Bugos | Category: Commodities, Currencies, Macro Economics
Last week, amid a stream of bearish economic news, the chairman of the Federal Reserve, Ben Bernanke, asserted his priority on price stability and uttered the word “dollar,” as if turning a new leaf. He did that to get your attention. Fed chairs rarely ever say that word, for reasons that Greenspan ...read more

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The Danger of Stagflation

May 15th, 2008 | By Lord William Rees-Mogg | Category: Macro Economics
The American electoral system has never been designed to protect sound finance, and it has become more dangerous as the federal government and the Federal Reserve itself have become more skillful at manipulating the economy of the United States. The process of running before every gust of wind reached its ...read more

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Mistakes at the Federal Reserve

Apr 14th, 2008 | By Whiskey Contributor | Category: Macro Economics
Treasury Secretary Hank Paulson has proposed the Federal Reserve be given broad powers to regulate the financial industry. He could not have nominated a more incompetent body. The Coast Guard would do a better job. Financial upheaval owes homage to derivatives that shrouded the massive growth in debt and leverage. This ...read more

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Who Pays for the Bailout

Apr 4th, 2008 | By Adrian Ash | Category: Macro Economics
IF YOU’RE GAME FOR A LAUGH, I’d like you — in reading the following quotes — to imagine the words “tax-payers’ cash” wherever you see the words “government” or “central bank.” Better still, imagine they spell out the words “your savings” instead. Here’s goes... “We need concerted action by governments, central banks ...read more

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How the Fed Effects Gold

Apr 3rd, 2008 | By Ed Bugos | Category: Currencies, Gold, Macro Economics
WHEN I LOOK AT THE POLICIES THAT CENTRAL BANKS are adopting today, everywhere, I see an inflationary epidemic that is feeding on itself and confirming the bull market in gold. In the U.S. — arguably an epicenter of the modern global monetary system — I see a central bank whose ...read more

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Counterfeiting Money — Crime or Good Economics?

Feb 8th, 2007 | By Michael Shedlock | Category: Currencies
Have you ever thought that counterfeiting money could be good for the economy and that the counterfeiter could be considered an economic genius or even a national hero? I received an e-mail from Nic Corsetti, a friend of mine, describing exactly how that might happen. From Nic: "Let's say that I ...read more

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