Tom Duncan

“Sovereign Debt Concerns Weigh on Euro”

“The euro came under pressure as worries over the finances of countries on the edges of the eurozone continued to undermine the single currency. While the cost of insuring against […]

Democracy in Deficit

“Vol. 8 of The Collected Works. Democracy in Deficit is one of the early comprehensive attempts to apply the basic principles of public-choice analysis to macroeconomic theory and policy. The […]

“What the Fed Did and Why” – Bernanke

“The FOMC decided this week that, with unemployment high and inflation very low, further support to the economy is needed. With short-term interest rates already about as low as they […]

“Fed to Buy $600 Billion of Treasurys”

“The Federal Reserve Wednesday unveiled a controversial new plan to buy U.S. Treasurys, hoping to spur growth in a disappointingly slow U.S. economy. After two days of discussions, Fed officials […]

“Central Banks in Rate Clash” – WSJ

“The Federal Reserve’s expected move is a controversial step at home and abroad. One Fed calculation shows that every $500 billion of bond purchases has the same stimulative effect as […]