Archive for March, 2010

“Unemployment and Inflation Inch Up in Europe”

“Unemployment and Inflation Inch Up in Europe”
“The unemployment rate in the euro area inched up to touch double digits in February, while inflation accelerated more than economists had forecast, probably a result of higher food and oil prices, according to data released Wednesday. Eurostat, the European Union’s statistics agency, said that...
March 31st, 2010 | Popular Articles, State of Money | Read More

The Seigniorage Curse

The Seigniorage Curse
“The Seigniorage Curse appears to hollow out the economy by the following manner: First, the premium charged to holders of dollars becomes a new source of accrued, aggregate revenue. This extra capital flowing into the economy is initially seen as a global honoring of our economy’s strength,...
March 31st, 2010 | Blogs, State of Money | Read More

Obama’s Mortgage Plan Won’t Bring Relief

Obama’s Mortgage Plan Won’t Bring Relief
“Alan Greenspan, Ben Bernanke, and the rest of the crew running economic policy somehow could not see the housing bubble as it grew to more than $8tn. It really should have been hard to miss. Nationwide house prices had just tracked overall inflation for 100 years from 1895 to 1995. Suddenly in...
March 31st, 2010 | Blogs, Future of Money | Read More

“Economists, Business Leaders Want Yuan to Appreciate”

“Economists, Business Leaders Want Yuan to Appreciate”
“Chinese economists and business leaders have begun to call openly for their government to allow the yuan to appreciate against the dollar, in a sign that the issue is contentious here, too, and not just a problem between the United States and China. President Obama has urged China to let the value...
March 30th, 2010 | Popular Articles, State of Money | Read More

Politicising money lending is not the path to prosperity

Politicising money lending is not the path to prosperity
“One part of Alastair Darling’s Budget that appears to have received little attention from the media is his plan for a ‘Credit Adjudication Service’. This new body, it appears, will provide an appeals process for small and medium businesses that have been denied credit by banks. Regardless...
March 29th, 2010 | Blogs, Future of Money | Read More