quantitative easing

Austrians and MMTers should be on the same side. After all, both camps understand the relationship between money and credit, and both understand the full ramifications of having fiat money. They should be on the same side arguing against…

Joseph Gagnon of the Peterson Institute for International Economics and Joseph Stiglitz, the Nobel Prize-winning Economics Professor from Columbia, squared off yesterday on the topic of quantitative easing. Video below. Also see my…

Here is a prequel to Ben Bernanke's press conference from James Galbraith. He seems to think that this approach is risky. But, in retrospect, Bernanke acquitted himself well. Gavyn Davies said it well. That goes to style though. I agree;…

Bernanke’s QE2 program has hurt savers, done nothing for banks, and eviscerated middle class living standards.

The US dollar continued to weaken for the seventh consecutive day, with the dollar index hitting its lowest level since August 2008, ahead of the today’s FOMC meeting. In our view the Fed is likely to reaffirm its ultra-accommodative…

The Fed chairman is now crafting the Fed's public image just as politicians do. The press conference is a part of that pubic relations campaign. What should we expect then?

Whatever thunder the FOMC meeting usually has is being stolen this week by the first of Bernanke's press conference tomorrow. In fairness, the FOMC's statement is unlikely to change substantively from the mid-March statement. The press…

Here is Omid Malekan back with a video explaining inflation to the layman. You have seen his videos on Bank Bailouts Explained and Quantitative Easing Explained. The QE explained video was especially popular and went viral on the Internet.…

Victor Shih argues that Chinese FX reserves are vulnerable and that raising real interest rates are key to reducing the potential risk. Video and PDF presentation provided.

What we would like to see is commodity prices falling or stagnating. And that would certainly be the case if demand destruction is already beginning as the IEA analysis suggests. Moreover, QE is ending in June. So that won't be a factor in…