Topic: Central Banking

Ben Bernanke’s Bond Bunk

– December 8, 2010

“Here’s the problem in the main: Bernanke’s only tool to “tighten” monetary policy means selling bonds into the market and taking in cash from the system. But what happens if he holds bonds that have all gone down in value? He gets screwed, that’s what …

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Money Printing and 100% Confidence, Day 4

– December 8, 2010

“[Bernanke is] a different man, somehow, and likely not for the better as growing dissent amongst even his own Federal Reserve board has no doubt made him less confident in his actions today than he was 18 months ago when there was near unanimity from …

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“David Einhorn Explains How QE2 Will Affect The Average American…”

– December 8, 2010

“Basically, the Fed just threw away $600 + billion because QE2 “will be counterproductive,” [David Einhorn] told Rose, according to Bloomberg. “The goal of quantitative easing right now is to raise the inflation rate. If you do raise the price of cloth …

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“Jon Stewart Busts Fed Chair Ben Bernanke on ‘Printing Money'”

– December 8, 2010

“Federal Reserve Chairman Ben Bernanke is so busted. Comedy Central host Jon Stewart added his voice to others who caught the central banker contradicting himself over whether or not the Fed is “printing money” through its actions to bolster the econom …

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No Doubt Ben Bernanke Is Sincere, But What If He Is Sincerely Wrong?

– December 7, 2010

“As you no doubt know, Ben Bernanke gave an interview tonight on CBS 60 Minutes. Let me stress once again, as I have in the past, that I consider Ben Bernanke one of the most genuinely nice guys among elite economist I have had the good fortunate to me …

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A Guide to Sound Money

– December 7, 2010

A Guide to Sound Money The Atlas Economic Research Foundation is proud to introduce A Guide to Sound Money. Click here to download a PDF of the guide This pocket guide, co-published byAtlasFreedomWorks, offers a concise, powerful introduction to Sound …

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Sound Money at the Capitol – Dec. 7

– December 7, 2010

Given that our country is still reeling from the recessionary effects of bad monetary policies, the times call for serious conversations about sound money. It is critical that the principles of sound money inform our policy directions if America is to …

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“The Fed’s Contrarian Has A Wary Eye on the Past”

– December 7, 2010

“Mr. Hoenig’s latest, loudest objections, aimed at the Fed’s risky $600 billion infusion into the markets to reinvigorate the economy, have made him a champion of the Fed’s critics in Congress, on Wall Street and among business leaders, who, like Mr. H …

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“Bernanke: China ‘Risking Inflation’ With Currency Policy”

– December 6, 2010

“Federal Reserve Chairman Ben Bernanke said China is “risking inflation” in its own economy, while threatening other nations, by not allowing its currency to appreciate. In an interview with CBS’s “60 Minutes” posted on the program’s Web site, Mr. Bern …

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centralbanking

Why Do We Have a Central Bank?

– December 6, 2010

by Gerald P. O’Driscoll, Jr. Why do nations have central banks? Countries have developed without one, and sophisticated financial systems have evolved in their absence. Some countries with a central bank have suffered for having one. Zimbabwe comes to …

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“Rand Gains Fifth Day as Bernanke Says Further Stimulus Possible”

– December 6, 2010

“South Africa’s currency appreciated as much as 0.3 percent to 6.8530 per dollar and traded at 6.8550 by 9:35 a.m. in Johannesburg, from a previous close of 6.8760. Against the euro the rand added 0.4 percent to 9.1563. … The rand has surged 37 perce …

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“Fed Won’t Raise for Years Amid Slow Payrolls Growth, Gross Says”

– December 3, 2010

““Ultimately, the low interest rate and the negative real interest rate is a serious detriment to savings,” Gross said. “During periods of time like this in which governments are forced to move to extraordinary measures, it’s the saver that basically f …

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