Posts Tagged ‘Federal Reserve’

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    Comparing Central Banks

    Apr 9, 11 • 298 Views • No Comments

    Perhaps we can divide the world between inflation fighters and recession fighters. Right now, most of the inflation fighters are in the developing world. In Brazil, Russia, India and China (the BRICs), more expensive food and energy and growing demand are...  [read more]

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    Savers or Borrowers?

    Apr 5, 11 • 349 Views • No Comments

    In 1987, a $100 savings account would have earned close to $9 in interest. In 2005, $3.75 or so. Now, maybe 47 cents? The WSJ, had a good article describing how savers are suffering. The retirees who expected to depend on interest income until they died have...  [read more]

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    A Different Kind of Currency Crisis

    Dec 12, 10 • 268 Views • No Comments

    Our story begins with the United States announcing that it would be issuing a state-of-the-art new $100 bill. Designed to thwart counterfeiters, the new bill has 3-D interactive features. Move the bill and certain shapes and colors shift. The bill, though,...  [read more]

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    How the Fed Helped Harley

    Dec 8, 10 • 252 Views • No Comments

    Have you ever thought about how, every month or every week, businesses have money for paychecks? One answer is commercial paper. It is amazing that commercial paper is central to so much economic activity and few people have even heard of it. Simply defined,...  [read more]

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    Virginia and Germany

    Dec 1, 10 • 185 Views • No Comments

    “Where…is the justice of compelling a State which has taxed her citizens for the sinking of her debt, to pay…the debts of other states, which have made no exertions whatever?” This quote, from John Steele Gordon’s,...  [read more]