“The new inflation projection shows that there is room for a safe decrease in interest rates, and so the Monetary Policy Council made a fairly radical cut. The Council had been moderate in its responses to the increase in...
Petr Necas's determination to drive down the Czech Republic's budget deficit has been so strong that he sparked a political crisis which almost unseated his government and has many economists blaming him for the country's lengthy...
When Wayne D. Angell, who passed for the one of the Fed’s most vigorous inflation fighters, left the Fed in 1994, one of the American newspapers commented on his resignation – Angell leaves, the demon of inflation arrives....
Wow! We see the word „Deflation” everywhere; we see it in every financial publication and hear it every time we turn on financial TV. We see that the pundits who were bearish because of runaway inflation have just...
It will happen, I believe, when the credit rating agencies begin to seriously threaten a downgrade of Treasury debt. They have told us when that will happen: when interest on the debt reaches 20% of revenues (not spending)....
Since everyone else is throwing in their two cents about 1) whether Ben Bernanke should be reappointed to a second term as Federal Reserve chairman; 2) what moves the FOMC will (or should) make next; and, 3) the...