Topic: Fiscal Policy

“ECB Intervenes As Debt Crisis Deepens” – Financial Times

– January 11, 2011

“The European Central Bank intervened to prop up the eurozone bond markets on Monday as political leaders and bankers warned the debt crisis was deepening amid fears Portugal was edging closer to an international bail-out. Although European Union offic …

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“ECB Gives Portugal Temporary Lifeline, Traders Say”

– January 11, 2011

“The European Central Bank threw Portugal a temporary lifeline on Monday by buying up its bonds, traders said, as market and peer pressure mounted for Lisbon to seek an international bailout soon. A senior euro zone source said on Sunday that Germany, …

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“U.K. Think Tank Sees 20% Chance of Euro’s Survival” – WSJ

– January 11, 2011

“Europe’s common currency, battered for more than a year by a sovereign debt crisis, is unlikely to survive the next decade in its current form, the Center for Economics and Business Research warned Friday. In a list of top 10 predictions for 2011, the …

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“The Great Inflation and Monetarism” – Lawrence H. White

– January 10, 2011

“During the Second World War, American monetary policy was dedicated to providing cheap credit to the federal government. This policy resulted upward pressure on prices and was suppressed by wage and price controls enforced by the Office of Price Admin …

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“The Fiscal Trap”

– January 5, 2011

“Fed chairman Ben Bernanke concedes that, while necessary, a new large purchase of government bonds by the Fed to help cover the deficit will not completely solve our problem of slow growth. Many in the markets and around the world express the same sen …

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“Rising Rates Reveal Debt Reality” – Pento

– January 3, 2011

“The Fed’s lucky streak of luring bond investors with low interest rates may be drawing to a close. Nevertheless, the extended period of low borrowing costs has bred a new breed of investor. To the bulls and bears, we can now add the ostriches – those …

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“Current course leads to inflation”

– December 27, 2010

“The Federal Reserve, and the Congress, are both playing a high-stakes game of risk. Essentially, the one is betting that it can spend its way out of our recession and unemployment problems and the other is betting that it can add huge amounts of liqui …

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“The New Big Picture”

– December 15, 2010

“On the other hand, all that has happened is that the tax rates that have now been in force for almost 10 years have been continued for 2 more years. The Fed has the economy fully primed for rising inflation and interest rates as the recovery takes hol …

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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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“Domestic Inflation Versus International Solvency” – Gary North

– December 2, 2010

“The nation which indulges itself with an inflationary “boom” inev itably faces the economic conse quences: either runaway inflation or a serious recession-depression. If the inflation should cease, unem ployment will increase, and the earlier forecast …

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“Fed Official Urges More Stimulus”

– December 2, 2010

“Ballooning U.S. debt is a serious long-term threat, but the economy needs more stimulus now, a top Federal Reserve official said Wednesday. Fed Vice Chairwoman Janet Yellen said she supported the Federal Reserve’s latest move to stimulate the still-te …

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“Inflation in One Page” – Henry Hazlitt

– December 1, 2010

“Prolonged inflation never “stimulates” the economy. On the contrary, it unbalances, disrupts, and misdirects production and employment. Unemployment is mainly caused by excessive wage rates in some industries, brought about either by extortionate unio …

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