The turmoil in financial markets is eliciting the usual response from the central bankers, all up there in their Hueys, 'Die Walkuere' blasting out of their beat boxes. But the fixation on the 'sub-prime' angle and on the Fed's role in isolation only tells part of the story. While...
As the mortgage-backed securities market meltdown accelerates, Bloomberg reports U.S. Urges China to Buy Mortgage-Backed Securities. According to the article, China buys some but not a lot of these...
Zimbabweans are shopping like there's no tomorrow. With police patrolling the aisles of Harare's electrical shops to enforce massive government-ordered price cuts, the...
Price inspectors and police, sometimes armed, descended on supermarkets in the Zimbabwean capital to enforce price controls. Their intervention followed the order issued by Mr...
As new money is created by the banking system, it enters the price system as the recipients spend it. As the prices of some goods rise, this should be captured in the CPI, right?
Not necesssarily. New money does not impact all...
"If you add up all the benefits, it's really astonishing," the New York senator and former first lady said, citing one study that says for every dollar invested in pre-kindergarten, there is at least a seven fold return. -- Hillary Clinton as...
Treasury Undersecretary Robert Steel is complaining about US regulation, stating that the US is losing business to Europe and Asia because of the strangling effects of its regulatory policy. It is said that "cumbersome accounting rules and litigiousness are deterring investors from US markets."...
The student loan scandal concerns the fact that many colleges and universities chose preferred lenders for financing student loans and then received remuneration for their recommendations from the lenders. The scandal has been going on since mid-March. Thus, it is startling to learn that it was...
