International
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“The Japanese Currency Intervention” – Mises Daily
“The ostensible reason for the currency interventions was to promote stability. According to David Mann, head of research for the Americas at Standard Chartered Bank. “This is about limiting volatility […]
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Recovery versus Growth: The Broken Window Fallacy and the GDP Fixation
Extreme events sometimes cause big shifts in the economic point of view of the market process. The recent financial crisis brought back into scene Keynesian economics as a way to […]
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“Blanchard on the Future of Macroeconomic Policy” – EconLog
“Summarizing an IMF conference, Olivier Blanchard lists nine points. I will make extended comments below the fold. Here is a crucial sentence: ‘Monetary policy has to go beyond inflation stability, […]
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“Economists React: Inflation Higher Than Expected” – WSJ
“Despite government efforts to rein in inflation, China’s consumer price index in February rose 4.9% from a year earlier for the second straight month–well above the government’s target of 4%–the […]
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When Money Dies – Fergusson
“Just before the First World War in 1913, the German mark, the British Shilling, the French franc, and the Italian lira were all worth about the same, and four or […]
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“Why Dollar’s Reign Is Near An End” – WSJ
“The greenback, in other words, is not just America’s currency. It’s the world’s. But as astonishing as that is, what may be even more astonishing is this: The dollar’s reign […]
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“Currency Wars Lose to Inflation Making Emerging Markets Winners” – BW
“As recently as last month, governments of emerging economies from South Africa to Brazil warned that competitive devaluations might be needed to keep their strengthening currencies from stifling economic growth. […]
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“Dollar’s Fall Rocks Far-Flung Families” – WSJ
“The world’s currencies are gyrating, but the strains are being felt beyond financial capitals and corporate boardrooms. Millions of families in developing countries rely on relatives sending dollars, euros and […]
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“Let Them Eat Chips” – O’Driscoll
“Unfortunately for defenders of Fed policy, today’s paper is filled with stories of rising inflation. In Singapore, consumer price inflation is running at 5.5%. In Vietnam, consumer price inflation is […]
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“German States Point to Inflation Above ECB Target” – LA Times
“Inflation sped up in five German states in February, buoyed by soaring energy costs, a sign that price pressures in the euro zone could continue to accelerate above the European […]
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“Inflation – A Blip?” – Adam Smith Institute
“One of the more durable achievements of the previous Government was the establishment of the Monetary Policy Committee (MPC), whose work – for around a decade – was widely praised. […]
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The Crime Known as Quantitative Easing – Cobden Centre
“Rather helpfully, on the Bank’s website there is an explanation of how Quantitative Easing was supposed to improve the economy. Quite clearly, the Bank explains that they purchased British Government […]