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Written by AIER Research Staff
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Tuesday, 21 October 2008 00:00 |
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AIER’s October 20 Research Reports addresses some of the implications of the Emergency Economic Stabilization Act of 2008 for both individuals and the financial industry. The government’s plan is based on false assumptions, writes money and banking specialist John Wood. Liquidity isn’t the problem, he says, but the bailout could make it one.
AIER Research Fellow Walker F. Todd examines the Federal Reserves’ balance sheet and the policy path that ultimately will make the dollar worth less. Is it a path of no return? And noted monetary authority Anna J. Schwartz points out some many of the unknowns in the plan, including which money managers the Treasury will hire to buy distressed assets and they will go about pricing the securities. To subscribe to Research Reports, please become a Sustaining Member of AIER. Membership starts at just $39 per year.
Already a member? Keep your eye out for the second October issue of Research Reports hitting your mailbox soon.
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