While not at all perfect, the classical gold standard of the late nineteenth and early twentieth century facilitated some of the greatest leaps in economic prosperity ever witnessed. Marcia Christoff-Kurapovna surveys the views of central bankers and economists of the time.
Interviewed by host Phil Pepin, Mark Thornton discusses the fed’s rol
Patrick Barron writes:
Recently a friend sent me the updated Wikipedia link about the newly formed Asian Infrastructure Investment Bank that has been in the news so much, mostly gathering glowing endorsements that this is a great undertaking.
Why is it that only former Fed officials are willing to say the truth about the economy and monetary policy. I know they don't know the whole truth and they are blinded by power, but why do they always wait till they are "former" to tell the truth.
March’s economic report from the National Association of Credit Management dropped to the lowest it’s been this year. The combined index fell from 53.2 in February to 51.2 this month.
There’s more to the global adventures of the greenback than meets The Economist’s eye.
Once a recession sets in, markets can only repair themselves if prices — including wages — are allowed to fall where necessary. The resulting increases in real interest rates are the key to spurring new economic activity.
Europeans have long been fearful of the prospects of price deflation, but now that it has arrived they have embraced it.
The Fed has been messing with interest rates for a century and suddenly they have forgotten how to raise interest rates?
