Tag: finances

March 7, 2013 0

In Praise of Theft and Fraud (But Not Deceit)

By News Desk

For a look at "hockey stick inflation" please consider Is Inflation the Legacy of the Federal Reserve? Wolf : If the BoJ sought to return to the level of nominal GDP implied by 3 per cent annual growth from 1997, it would be committing itself to annual increase of close to 9 per cent a year over the next decade. That could surely reduce the real burden of debt! Mish : Wolf is disingenuous.

What Bernanke Didn’t Say About Housing (And Everything Else); Bernanke’s Ploy
February 28, 2013 0

What Bernanke Didn’t Say About Housing (And Everything Else); Bernanke’s Ploy

By News Desk

What Bernanke Didn’t Say About Housing (And Everything Else); Bernanke’s Ploy Caroline Baum had some interesting comments about Bernanke’s testimony before Congress in her writeup What Bernanke Didn’t Say About Housing . One of the more interesting exchanges at Ben Bernanke’s testimony to the Financial Services Committee today was the one between the Federal Reserve chairman and Representative Scott Garrett, a Republican from New Jersey.     Citing Bernanke’s assertion that one of the benefits of QE had been the rise in home prices, Garrett said the following: "Previously you have said that the Fed’s monetary policy actions earlier this decade, 2003 to 2005, did not contribute to the housing bubble in the U.S. So which is it?