It is now time to move from a case where credits are given to producers to where consumers are being given credits. Indeed, the general effects of an increase of money via consumers' credits, which will result in an increased relative demand for consumers' goods compared to producers' ones...
The importance that the adjustments of the price mechanism free of any external influences has in respect to a prospering economy is highlighted when we investigate the results of the “'natural' movement of prices” is disrupted by monetary policies. These may take the form of either...
Economics is not a complicated science. This may not seem obvious to you if you've following the news from Washington, where a cabal of politicians, financiers and lobbyists have been spent the last several weeks desperately making a series of increasingly complicated, expensive, and ultimately unsuccessful...
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...
The New York Times has an article titled For Bernanke, a Question of Toughness . Here is an excerpt: Is the Federal Reserve’s chairman, Ben S. Bernanke, too nice for the job? That’s the view of many on Wall Street, who argue that with the stock market falling, unemployment rising and the economy flirting...
In this article from Fortune, the author tries to make the case that you don't know you're in a recession until months after it starts. The author writes: Investing successfully is about looking ahead, while determining whether we're in a recession involves looking behind. Way behind. We...
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...