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johannes schmidt

Op-ed: Greek solvency requires political reform, support from populace

A hard currency backed by specie like gold or silver imposes sound economic policies on the nations that use them, but currency established by central bank fiat requires sound policies to be established by political mechanisms in concert with the support of the electorate. In the case of the stagnation in Greece, the European Union […]

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Aaron Nathans

More on That Sluggish Inflation

There’s more data out this morning showing subdued inflationary pressures. The Commerce Department reported today that the price index for personal consumption expenditures increased at an annual rate of 0.2 percent in January. The Federal Reserve has set a target of 2 percent annual inflation, so this is far below that target.

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