Investors understand that the Federal Reserve’s ongoing purchase of U.S. Treasuries in the open market, known as quantitative easing two (QE2), injects newly created money into the U.S. financial system and economy, but the actual means by which newly created money monetizes U.S. government debt...
Posted to
Hera
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Ron Hera
on
Mon, Feb 21 2011
Filed under:
Filed under: Federal reserve, deflation, debt, inflation, USDX, M3, Hyperinflation, Bailouts, QE2, U.S. Treasuries, QE, S&P500, M1, economic collapse, M2, money supply, Primary Dealers, Ben Bernanks, U.S. federal budget deficit, Nasdaq, Dow Jones Industrial Average
The productive elements of the US economy are caught between powerful financial interests, e.g., banks seeking speculative gains, political constituencies seeking entitlements and government entities at all levels whose budgets and deficits are too large compared to their revenues. All three factions...
Posted to
Hera
by
Ron Hera
on
Mon, Jul 19 2010
Filed under:
Filed under: Federal reserve, debt, GDP, Asia, Asian Tigers, China, central bank, Federal Budget, unemployment, Deindustrialization, Bailouts, Capitalism, Corporatism, Trade Deficit, Socialism, Totalitarianism, Offshoring, Outsourcing, Service Economy
The March 6 Financial Times has a great piece by Willem Vuiter , professor at the LSE and former chief economist of the EBRD, that completely rips the Fed`s bailout of AIG`s credit default swap counterparties, as emblembatic of the epidemic of moral hazard that has rotted out our financial system. Vuiter...
An opinion piece at TPM Cafe by liberal economist Robert Reich - the Harvard (now Berkeley) econ. prof. who is a member of Pres. Barack Obama 's economic advisory team and was Labor Secretary under Bill Clinton - has caught my eye. In it, Reich correctly, on behalf of the American taxpayer, expresses...
New York Times columnist Nicholas Kristof argues on Sunday that an auto industry bailout is needed given the importance of the industry to the US economy, and bases his conclusion on how economic mismanagement by Japan resulted in the "lost decade" there; his blog summary is a good precis of...
Timothy Egan , reporter, acclaimed book author and current columnist at the New York Times , posted an honest and understandably confused piece last week , in which he called for a temporary end to the frenzy of Bush-era socializations and wealth-transfers - so at least Obama will have a chance to try...
http://freemmm.blogspot.com/2008/10/newly-created-position-ofs-office-of.html
http://freemmm.blogspot.com/2008/09/buyout-not-bailout.html