The end of the beginning

The Bank of Israel has become the first central bank worldwide to raise interest rates.

A few weeks ago, I wrote an elongated blog post titled Does unconventional monetary policy and unusual fiscal policy presage an upsurge in inflation?. This was partly motivated by the concerns of the time (this was in mid-June) about . . . → Read More: The end of the beginning

Green Shoots Or Greater Depression?

[Editor Note: The administration is exacerbating the greater depression by (1) preventing and delaying liquidation of toxic assets, (2) inflating the illusion currency supply beyond recognition, (3) attempting to keep wage rates up by bailing out structurally challenged industries, (4) attempting to keep prices up for example by destroying supply of old working cars . . . → Read More: Green Shoots Or Greater Depression?

Five Things to Get Your Morning Started

1. A White House report shows that H1N1 may kill 90,000 – I’m going to come out out right now and say that I don’t know how exactly the White House is going to play this, or what tactics they are going to use, but they are going to try to use this virus . . . → Read More: Five Things to Get Your Morning Started