Is loose fiscal policy the missing ingredient for US economic recovery?
In his New York Times article of May 7, columnist Bruce Bartlett laments that given the current state of economic affairs we need more…
Fed’s policy of price stability damages US economy
According to a European Central Bank Governing Council member Ewald Nowotny, Federal Reserve Chairman Ben Bernanke sees no risk to inflation in the United…
The Bitcoin money myth
Many economists and financial commentators believe that in the unregulated market of the internet economy, new forms of money can be created that bypass…
Is the Fed likely to alter its easy stance soon?
On Thursday April 4 the Federal Reserve Vice Chairman Janet Yellen said in Washington the Federal Open Market Committee (FOMC) should be prepared to…
Should the Fed reverse its loose stance?
According to Ben Bernanke, the Chairman of the Federal Reserve Board, the pulling back on aggressive policy measures too soon would pose a real…
Why Japan should not fight deflation
On January 22, 2013 policy makers of the Bank of Japan (BOJ) voted for a 2% inflation target, to be achieved “at the earliest…
Fed’s policies expose mainstream fallacies
At the annual meeting of the American Economic Association in San-Diego on January 4-6 2013 Harvard professor of economics Benjamin Friedman said, The standard…
Bernanke loosens further the monetary stance
On Wednesday December 12, 2012 Fed policy makers announced that they will boost their main stimulus tool by adding $45 billion of monthly Treasury…
Central bank policies and the Ireland and Iceland 2008-12 financial crises
There were a lot of commentaries regarding the Ireland and Iceland 2008-12 financial crises. Most of the commentaries were confined to the description of…
Why real interest rates can’t be calculated?
Would it be possible in a world without money to establish the rate of return on present goods in terms of future goods? In…