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China’s Real Monetary Problem — WSJ
REVIEW & OUTLOOK — A bipartisan swarm pounded Treasury Secretary Timothy Geithner on Capitol Hill yesterday for not doing enough to stop China’s supposed money mischief. The sessions made clear that pressure is building to impose punitive tariffs on Chinese goods if the yuan doesn’t appreciate in value. While it’s true that China’s monetary policy […]
READ MOREThe search for stable prices and the role of gold — CMRE
By Prof. Forrest Capie, Official Historian (Bank of England) — How can stable prices be secured so that the economy can be allowed to deliver what it is capable of? There was a time when the question simply did not arise. Money was tied to gold and stability prevailed. At the present time some monetary […]
READ MOREThe ritual of sound-bite economics — WP
By Robert J. Samuelson Monday, September 20, 2010; A15 It is a ritual as predictable as the tides. With every election, we descend into sound-bite economics. Rhetorical claims grow more partisan and self-serving. We are now deep in this process. President Obama’s policies either averted another Great Depression — or have crippled the recovery. These […]
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