Money and Banking

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?

Data from Japan, Spain, Greece, and the Netherlands all suggest that deflation is not the disaster many economists suggest it is. In fact, there's good reason to believe that economies really start to take off when prices fall the most.