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Congress violates the independence of the policy-setting FOMC, http://bit.ly/45hJFW 30 days ago |
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Fed Regional Chiefs Fight for Monetary Policy Independence http://bit.ly/9971Z Frank&Dodd be damned, but ok as long as Audit The Fed is in 30 days ago |
Oh Boy, Threats!
The Market Ticker —
I was wondering how long it would take before the threats really started to show up in earnest..
Kansas City Fed president Thomas Hoenig is circulating a book titled “The Balance of Power: The Political Fight for an Independent Central Bank.” Charles Plosser of Philadelphia said on Sept. 29, “we must preserve” ...
Friday Reading
The Big Picture —
A few worthwhile reads before the weekend:
• Credit Ratings Now Optional, Firms Find (WSJ)
• Why the Goldman Sachs-AIG Story Won’t Go Away (Bloomberg)
• Victory for Obama Over Military Lobby (NYT). Now what about Banking Lobby?
• Why Didn’t Inventories Go Up? (Norris)
• Mortgage Payments Declined in Q3 (Real Time Economics)
• Fed’s Regional Chiefs ‘Fight’ for Monetary Policy Independence (Bloomberg)
• 5 Nightmare (not forecasts) Scenarios for the Economy (MoneyWatch)
• Investors Sense Rout in ...
May the hatred engulf me!
Lawrance G. Lux —
Greg Mankiw attempts to invoke Ronald Reagan’s name to counter the implicit Tax hike coming from a universal health care plan; the Reality being no one can establish a huge program without higher taxation somewhere. There remains some doubt to the great conservative ideation that higher marginal tax rates cause Taxpayers to work less. There is even further suggestion that any inhibition of effort by the higher taxation would induce more labor assets to enter into replacement effort, because of the economic advantage presented; Labor always filling unwedded opportunity. There stands even some indication that Business organizations utilize the unpaid ...
