Economy Nov 19

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The Confidence of Ben Bernanke in Germany

"The Fed chairman's message, though scholarly in tone, was unusually blunt," wrote the Wall Street Journal, "laying blame for inflationary pressures in emerging markets and for tensions over currencies on countries like China." The Financial Times underscored another…

Economy Nov 19

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The Confidence of Ben Bernanke in Germany

For a speech by a Federal Reserve Chairman, Ben Bernanke's remarks on "global rebalancing" certainly weren't designed to fly under the radar. "The Fed chairman's message, though scholarly in tone, was unusually blunt," wrote the Wall Street Journal,…

Economy Nov 17

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Economics is Missing A Funny Bone | An Interview With ‘Merle Hazard’

The [Fed's announcement](http://www.pbs.org/newshour/rundown/2010/11/fed-slow-growth-disappointing-will-engage-in-second-round-of-quantitiative-easing.html) of another round of so-called "quantitative easing" (QE2) is much in the news. Basically, it's an announced commitment to create $600 billion dollars or more of new "Federal reserves" - i.e., U.S. dollars - and [pump them…

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