Monthly Archives: June 2010

The Fed Must Print More Money… Lots of It.

by Ambrose Evans-Pritchard http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7857595/RBS-tells-clients-to-prepare-for-monster-money-printing-by-the-Federal-Reserve.html Entitled “Deflation: Making Sure It Doesn’t Happen Here”, it is a warfare manual for defeating economic slumps by use of extreme monetary stimulus once interest rates have dropped to zero, and implicitly once governments have spent … Continue reading

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Dangerous Calls for Hooverian Balanced Budget Policies

By Paul Krugman http://www.nytimes.com/2010/06/28/opinion/28krugman.html Recessions are common; depressions are rare. As far as I can tell, there were only two eras in economic history that were widely described as “depressions” at the time: the years of deflation and instability that … Continue reading

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