One of the most dreaded consequences of the massive, open-ended QE that has been unleashed by the Fed is that of unbridled inflation. Analysts fear that a result of the huge money printing exercise by the FED could be an overflow of the extra money into the main economy resulting in price increases all around […]
United States Slips to 18 in 2012 Annual Report of Economic Freedom
The Canadian think tank Fraser Institute publishes an annual report assessing economic freedom throughout the world. The Institute released its latest 2012 report last week. This annual survey is born out of a 25 year project that addresses the linkages between economic freedom and other variables, and was initiated by the renowned economist Milton Friedman. […]
Jeffrey Lacker: Lone FOMC Dissident On QE3
Jeffrey M. Lacker, President, Federal Reserve Bank of Richmond, has been the only dissident in the past six FOMC meetings. Mr Lacker has been President the Richmond Fed since August 2004 and is a voting member of the FOMC in 2012, and was so in 2006 and 2009. He holds a bachelor of arts degree […]
Massive monetary intervention looms on both sides of the Atlantic
On Thursday, the European Central Bank (ECB) announced a far-reaching measure to finally tackle head-on the long-simmering debt crisis in the Eurozone. The ECB will purchase unlimited quantities of sovereign bonds in a bid to lower interest rates for troubled Eurozone countries such as Spain and Italy. The program will also help to alleviate fears […]