Topic: Economic Growth

“Slow Growth, Inflation Makes US Bonds Bad Buy: Gross” – CNBC

– May 16, 2011

“The US economy is headed for a period of higher inflation and lower growth that makes the nation’s debt unappealing when measured against its global competitors, Pimco’s Bill Gross told CNBC. The head of the world’s largest bond firm, with nearly $1.3 …


“U.S. Government Spending Is the Biggest Threat to Economic Recovery” – Money Morning

– May 12, 2011

“Bernanke continues to dismiss inflation as a big U.S. economic concern, and the Fed decided last week to keep interest rates between 0.00% and 0.25% “for an extended period.” But U.S. consumers have complained that sky-high gasoline prices are eating …


“Does Economic Growth Cause Inflation?” – Mises Daily

– March 16, 2011

“According to mainstream thinking, the stronger the monetary pumping is, the stronger the pace of spending — and consequently the stronger the monetary income and the so-called real economy is going to be. In short, in this framework more money means m …


“Easy Money and the Decapitalization of America” – Cato

– February 17, 2011

“Federal Reserve monetary policy over the past 15 years or so has produced bubble after bubble,and each bubble (or each group of contemporaneous bubbles) is bigger in aggregate and more damaging than the one that preceded it. Each bubble destroys part …


“Put Off Badly Needed Budget Cuts? Austerity Doesn’t Mean No Growth” – Reynolds

– January 19, 2011

The Times’ real point was to argue that, “Whatever the sum .. . cutting billions would be foolish at a time when joblessness is high and the recovery needs stimulus, not tightening. … Spending cuts need not and should not start today, but the nation …


“Does Government Spending Affect Economic Growth” – Mercatus

– January 19, 2011

“Government spending, even in a time of crisis, is not an automatic boon for an economy’s growth. A body of empirical evidence shows that, in practice, government outlays designed to stimulate the economy may fall short of that goal. Such findings have …


Selgin’s ‘Less Than Zero’: Required Reading for Central Bankers

– January 10, 2011

“By chance I came across two articles today that are wildly optimistic about global economic growth in the future. First, via Karl Smith, I see that Robin Hanson is talking up the possibility of a robot-induced “singularity” in the future that will rad …


“Plosser Says Fed May Need to Slow Purchase of Bonds”

– December 23, 2010

“The Federal Reserve may need to slow or stop its purchases of U.S. Treasuries in response to an accelerating U.S. economy next year, Philadelphia Fed President Charles Plosser said. “If the growth rate of the economy continues to strengthen and looks …


“Brazil Economists See Faster Inflation in 2010, 2011”

– November 22, 2010

“Brazilian economists raised their forecast for inflation this year for the tenth consecutive week, as food costs pressure consumer prices further beyond the government’s target. Consumer prices will rise 5.58 percent this year and 5.15 percent in 2011 …


“Mahathir Says Currency Trading ‘Silly’, Advocates Return to Peg”

– November 16, 2010

“Former Malaysian Prime Minister Mahathir Mohamad, who fought off an attack on the ringgit with capital controls during the Asian financial crisis, said currency trading is “silly” and the world should return to the Bretton Woods System of fixed exchan …


Messynomics and the Troubles with Money – Peter Boettke

– October 19, 2010

“Money is non-neutral, and the capital structure in an economy consists of combination of heterogeneous capital goods that multiple-specific uses. Once these propositions are included in the analysis, along with other messy aspects of the real world, o …


Capital and Interest: A Critical History of Economical Theory

– September 20, 2010

“The intentionally limited task to which I intend to devote myself in the following pages is that of writing a critical history of the theoretical problem of interest. I shall endeavour to set down in their historical development the scientific efforts …