How Can the Fed Prevent Asset Bubbles?
At no point in his speech did Mr. Dudley raise the possibility that the main source of asset bubbles could be the US central bank itself.
Financial Markets
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Does the Fed Need an Exit Strategy?
I wonder if Paul McCulley has ever entertained the idea that massive fiscal and monetary bailouts actually retard recovery?
P.I.G. Tales
There are only inflationists on Capital Hill and Obama has a bigger bag of boondoggles than FDR could have ever imagined.
Mish Should Ditch His Deflation Fears
Even if the "debt deflation" scenario is generally right, the absolute effect could be swamped by the relative effects, meaning that retirees on fixed dollar incomes could still get wiped out when their standard monthly expenses rise.
When Stimulus Does Not Stimulate
Government spending merely directs scarce factors of production away from their most productive uses.
Woods Tells the Story of the Meltdown
He contrasts the rapid recovery of the economy following the 1920–1921 depression, when the government adopted a "hands-off" policy, with the disastrous stagnation of the economy in the 1930s, during Roosevelt's New Deal.
