By Monty Pelerin , posted December 3rd, 2009 http://www.economicnoise.com/2009/12/03/the-fed-is-nothing-but-an-atm-machine/ The Fed has reached the point where there are two choices — Allow the government to shut down or allow itself to be the Treasury’s ATM machine. Inflation is, as Milton...
In the January 24 New York Times , Alan S. Blinder , professor of economics and public affairs at Princeton and former vice chairman of the Federal Reserve , argues that our worst postwar recession does not represent a fundamental failure of the American capitalist system, but is a result of a series...
Yesterday at Austrian Economists , Pete was puzzled how the political rhetoric behind the financial crisis managed to wind its way around the topic of executive rewards. Some people were using the platform to voice concerns about wealth, greed and inequality...
Greenspan's book has been released, and it just so happens the recession that he helped create is occuring at the same time. I've been reading a lot of complaints about the many mistakes that Greenspan made as Fed Chairman. But how much blame does he really deserve? Is it all Greenspan's...
Alan Greenspan gave an interview to NPR News' Morning Edition. Here is an excerpt ( via AP ): Former Federal Reserve Chairman Alan Greenspan says the odds the U.S. will fall into a recession are "clearly rising"... He said he felt this way because of the slowing pace of growth. "We...
I found a very interesting article today that I feel contains a good analysis of the US current economic situation http://www.realclearpolitics.com/articles/2007/11/the_crash_of_2008.html The author correctly analyzes the situation right, but I completely disagree with him when he says that the failing...