Inflation
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“How Fed Policy Has Cost America $170 Billion” – Money Rates
“Could the U.S. economy use an extra $170 billion right about now? Though the economy has shown fitful signs of growth, that growth is still so fragile that it remains […]
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“Zimbabwe must lead the way.”
…In the meantime, even Mexico may be trying to get a step or two ahead of the Federal Reserve and the U.S. Treasury Department. In the words of Mexican billionaire Hugo Salinas Price, “Well I think the central bank (of Mexico) is watching what the Federal Reserve has been doing with utter amazement because we…
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“Slow Growth, Inflation Makes US Bonds Bad Buy: Gross” – CNBC
“The US economy is headed for a period of higher inflation and lower growth that makes the nation’s debt unappealing when measured against its global competitors, Pimco’s Bill Gross told […]
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“U.S. Government Spending Is the Biggest Threat to Economic Recovery” – Money Morning
“Bernanke continues to dismiss inflation as a big U.S. economic concern, and the Fed decided last week to keep interest rates between 0.00% and 0.25% “for an extended period.” But […]
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“Roosevelt’s Inflation Program in a Nutshell”
“President Roosevelt’s second offensive against the depression has been launched in the form of an amendment to the farm bill. This amendment provides a manner in which the credit of […]
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“Forbes Predicts US Gold Standard Within 5 Years” – Human Events
“A return to the gold standard by the United States within the next five years now seems likely, because that move would help the nation solve a variety of economic, […]
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Thoughts on a Return to Gold
It took 200 years to build and perfect the classic gold standard system; then it was destroyed in about seven weeks when the Guns of August 1914 thundered across Europe; and now I am allotted seven minutes to resurrect it. Fortunately, Churchill’s defense of democracy also applies to the daunting task at hand: To wit,…
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Coming Soon to a Bank Near You…the “Hoarders”
We sound money types lament the disappearance of “good” money like gold and silver coins from day-to-day business. There is something special about these ancient and honorable monies. No, it’s […]
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“Trichet Says Global Central Bankers Are United in Fighting Against Inflation” – Bloomberg
“European Central Bank President Jean- Claude Trichet said the world’s central bankers are united in fighting inflation fueled by surging commodity prices and fast- growing emerging economies. “There is a […]
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A Tiger by the Tail – Hayek
“F.A. Hayek said that his biggest regret in a lifetime of writing was that he never wrote a book-length refutation of Keynesian economics. He seriously doubted that Keynesian style planning […]
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Hayek On Deflation – Coordination Problem
Over on the Coordination Problem blog, a number of scholars in the field of monetary theory are having an interesting discussion on the topic of Hayek and deflationary spirals. I […]
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“Targeting Inflation at 2% Is Too Low” – DeLong
“First, the question is not whether the Federal Reserve should raise its target inflation rate above 2% per year. The question is whether the Federal Reserve should raise its target […]