Unconventional monetary policy
Central banks worldwide have gone into `unconventional monetary policy’ owing to policy rates having hit the zero interest rate bound, and owing to the difficulties in finance which have impeded the monetary policy transmission. This has involved dramatic increases in money supply, purchases by central [...]

One of the many demonstrably false myths of the official state religion — and by that I mean Keynesian economics — is the notion that we can have perpetual inflation at a “reasonable level” with no adverse affects. In this blog entry, I’ll demonstrate why this is indeed a myth.
Certain types of businesses do better [...]

Today, Barrack Obama announced the core of his economic team.  Timothy Geithner will lead Treasury, Larry Summers will head the National Economic Council, and Christina Romer will chair the Council of Economic Advisers.  In his news conference, President-elect Obama stated that they would “do whatever it takes” to pull the US economy out of its current [...]