Topic: Central Banking

“Fear of Currency War Grows as US Dollar’s Value Falls”

– October 27, 2010

“Is this a currency war or what?… In Washington, where a “strong dollar” has been the mantra for years, policymakers are taking steps that could make the already weak dollar weaker still… The dollar’s decline is being driven by what everyone in glo …

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“Toward a Free-Market Money”

– October 27, 2010

“Despite the overwhelming evidence that markets perform best when left alone by the government, it is still virtually taken for granted that one consumer product should be completely controlled by every government in the world. One product, so ubiquito …

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“Monetary Theory and the Trade Cycle” – F.A. Hayek

– October 27, 2010

“It seems certain, however, that we shall merely make matters worse if we aim at curing the deflationary symptoms and, at the same time (by the erection of trade barriers and other forms of state intervention) do our best to increase rather than to dec …

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“Fed Asset Buying May Reach $2 Trillion”

– October 25, 2010

“The Federal Reserve may purchase $2 trillion of assets to stimulate the U.S. economy and start by announcing a fresh round of monetary easing on Nov. 3, Goldman Sachs Group Inc. said. “We expect an announcement of $500 billion or perhaps slightly more …

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“Oil rises to near $81 as traders mull Fed moves”

– October 22, 2010

“Oil prices rose to near $81 a barrel Friday in Asia, rebounding slightly from the previous session’s steep drop, as traders mull the possible effects of anticipated moves by the U.S. Federal Reserve to spur economic growth.” Read more.  “Oil rises to …

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“Dollar Sinks Amid Fed Speculation…”

– October 21, 2010

“The dollar weakened against 15 of 16 major peers, losing at least 1.5 percent versus currencies including the Australian dollar and Swedish krona. The U.S. currency has depreciated more than 3 percent versus all 16 major counterparts since the end of …

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“Federal Reserve State of Play”

– October 20, 2010

“For many, Fed Chairman Ben Bernanke’s speech at the Boston Federal Reserve Bank conference last Friday confirmed expectations that renewed quantitative easing will definitely be approved at the Nov. 2-3 Federal Open Market Committee meeting. “QE2” adv …

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“Politics and the Fed”

– October 20, 2010

“The threat of politicization hangs over the Federal Reserve Board like the Sword of Damocles. It’s Capitol Hill’s response to the Fed’s proliferation of new programs to unglue credit markets. The Fed’s innovations threaten to create enough acronyms to …

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“The Fed and Politics”

– October 20, 2010

“Politically oriented monetary policies and business cycles are the inevitable by-products of a central bank, the ultimate favored banking institution which is viewed as a savior by some politicians facing elections. After the elections comes the bill: …

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“How the Fed Is Holding Back Recovery” – David Malpass

– October 19, 2010

“Whether in Republican or Democratic administrations, the Washington policy consensus for a decade has been “print and spend.” When that doesn’t work, the Washington prescription is to double the dose—more monetary easing and dollar devaluation, and al …

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“Bernanke says Federal Reserve ready to further stimulate the economy”

– October 15, 2010

“Federal Reserve Chairman Ben S. Bernanke on Friday laid out a case for the central bank to take further action to bolster growth, citing the risks of prolonged high unemployment and a U.S. economy slipping into a deflationary spiral. In a much-anticip …

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Land of Confusion

– October 15, 2010

I thought that I would offer a run-through of what the government and the Fed have done to help us out during our troubled economic times. It is, of course, not a complete list, but it may be interesting to think about when you ask yourself why the lat …

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