Posts Tagged ‘monetary policy’

  • The Fed Debate

    Sep 5, 12 • 454 Views • No Comments

    10 years ago, the future Federal Reserve Chairman Ben Bernanke said to Nobel laureate Milton Friedman, “Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.” What...  [read more]

  • The Congress and the Deficit

    Our Confidence in Congress

    Aug 18, 12 • 271 Views • No Comments

    The preface to This Time It’s Different: Eight Centuries of Financial Folly tells us that, “We have been here before.” During 1837, with Martin Van Buren entering the White House and Andrew Jackson leaving, a depression had begun. Called...  [read more]

  • The Congress and the Deficit

    Solving Our Economic Problems

    Jul 29, 12 • 294 Views • No Comments

    Having experienced an economic calamity, don’t we just need to figure out how to prevent it from happening again? Yes…but that might be impossible. MIT economist Andrew Lo read 21 books on the financial crisis. 11 were from academics, 10 from...  [read more]

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    Laundering Zimbabwean money

    Mar 29, 12 • 433 Views • No Comments

    In Zimbabwe, people are laundering money. Literally. When their U.S. dollars look too gray and faded, Zimbabweans wash and dry them. In this Wall Street Journal photo, dollar bills, shirts and sheets are suspended with clothes pins along a line. Why? First...  [read more]

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    Valentines From the Fed

    Feb 12, 12 • 333 Views • No Comments

    What a fantastic idea! When University of Pennsylvania economist Justin Wolpers suggested Federal Reserve Valentines, the Fed and others responded. The San Francisco Fed: “I’m going to extraordinary measures to increase your stimulus.”...  [read more]