Gilder, Gold, and Me, Ctd.
I was surprised to see that George Gilder’s new monograph on the gold standard mentioned me, and disappointed to see that it attributed views to me that I reject. I wrote as much, and now Gilder has responded—kindly …
Helicopter Ben Fires Up the Chopper
So the price for the Fed’s next round of pump-priming turns out to be: $600 billion.
Here’s the rationale:
Household spending is increasing gradually, but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit. Business spending …
Can-Kicking toward the Double Dip
The Federal Reserve made no move to tighten up the loosey-goosey money supply today, keeping the rate at 0.0-0.25 percent. Fed-watchers don’t expect any tightening until the second half of 2011. That’s a lot of cheap money for a …