Articles
February 1, 2010
As the “Great Recession” recedes, the aftershocks of public anger are exploding with a political passion not seen since the Great Depression.. In this tumult, knives are out for the two leading central banks – the U.S. Federal Reserve (the Fed) and the European Central Bank (ECB), the agencies responsible for monetary policies underpinning the [...]
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January 28, 2010
“He who asks a question is a fool for five minutes; he who does not ask a question is a fool forever.” –Chinese proverb
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July 24, 2009
Congress has increased the cost of unskilled labor by 10.7% in the middle of the worst recession since the early 1980s. The unemployment rate is 9.5%. It is unclear how this is supposed to help the economy – unless you are Labor Secretary Solis or the Economic Policy Institute. The claim is that this will [...]
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July 2, 2009
Larger, more concentrated banks would be a set-up for even larger financial disasters in the future.
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June 30, 2009
In a most forthright and clear Fed statement, St. Louis Fed president James Bullard spoke on Fed exit strategies at a Global Interdependence Center luncheon today at the Philly Fed. One can find the text of his slides and the videotape at www.stlouisfed.org.
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