Is it possible to both oppose Gaddafi and oppose a war on Gaddafi? Absolutely. This is a position that all Americans should adopt. In the same way, it is possible to oppose the Obama administration but also oppose having a foreign army oust him in order to liberate us.
Can the Fed gracefully exit from the huge hole it has dug for itself? Unfortunately my answer is no.
When the Civil War closed, the revenue acts that had been hastily passed during its course constituted a chaotic mass, writes F.W. Taussig.
In two recent blog posts on the varying economic fortunes of US states, Krugman's about-face was complete and fast.
The growth momentum of price indexes shows visible strengthening. Prepare for more.
In a wider historical perspective, the current currency war is the latest conflict in a series of acute crises of the modern international monetary system. In a world of national monetary regimes based on fiat money without physical anchors, domestic monetary instability automatically transforms into exchange-rate instability.
Higher food prices set off the revolutions in Tunisia and Egypt and the mass protests in countries like Algeria, Jordan, Yemen, Bahrain, and Iran. People in these countries buy more unprocessed foods and spend a much higher percentage of their income on food, so they have been severely impoverished by Bernanke's QE2.
He has been saying things that sound surprisingly Austrian in regards to the limits of monetary policy.
The use of mathematics necessarily leads the economist to distort reality by making the theory convenient for mathematical symbolism and manipulati
