Commentary on monetary policy in the spirit of R. G. HawtreyThe S&P 500 fell today by more than 1 percent, continuing the downward trend began last month when the euro crisis, thought by some commentators to have been... more »
Rarely does a week go by without some financial or economic commentator proclaiming what is impossible; specifically that we're experiencing or that we're going to experience both inflation and deflation together. . . more »
At some point during the recovery, the Fed may face an important decision. If the inflation rate begins to rise above the Fed's 2 percent target and the unemployment rate is still relatively high, will the Fed be willing to leave... more »
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