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Friedman and Schwartz were wrong
Friedman and Schwartz were wrong
It's one of Ben Bernanke's most memorable quotes: at a conference honoring Milton Friedman on his 90th birthday, he said: Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. ...
The Not-So-Great Depression
The Not-So-Great Depression
online.barrons.com — THE GREAT DEPRESSION. THOSE CHILLING WORDS HAVE BECOME something of a staple of economic utterance these days,... enjoying promiscuous use by both those dour souls who cry out that the end of the world is nigh and those determinedly smiley types eager to ... (more) The Not-So-Great Depression
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links for 2009-03-03
Economist's View — ... Employment Index at Record Low - Calculated Risk Labor market data can be misleading - News N Economics Making sense of the credit debacle - Barry Ritholtz Fannie and Freddie Likely to Stay in U.S. Hands - NYTimes.com Taking Krugman's Side - Arnold Kling The curious art of stress testing - Models & Agents Backdoor payroll tax cuts - Free exchange Friedman and Schwartz were wrong - Paul Krugman Failing the test - Paul Krugman ...

Quantitative Easing at the ECB - Not Yet in the Playbook
Global Economy Matters — ... The central bank can also increase the size of its balance sheet, and this is a tool that the Fed has been using extensively in an attempt to increase the money supply. For a visual illustration of the process, check out this graph . As for the mechanics, ...

Bring On The Quantitative Easing, And Bring It On Now (Wonkish)!
A Fistful Of Euros » A Fistful Of Euros — ... The central bank can also increase the size of its balance sheet, and this is a tool that the Fed has been using extensively in an attempt to increase the money supply. For a visual illustration of the process, check out this graph . As for the mechanics, ...

Bring On The Quantitative Easing, And Bring It On Now (Wonkish)!
Euro Watch — ... The central bank can also increase the size of its balance sheet, and this is a tool that the Fed has been using extensively in an attempt to increase the money supply. For a visual illustration of the process, check out this graph . As for the mechanics, ...

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N/A
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Down, Dow, Down!The Big Money 3/2/2009
I am a heretic, an economic masochist, a traitor to my industry and my country. When the Dow Jones Industrial Average starts falling, I hope it keeps falling. I am a man who roots for the stock market to go down. Forgive me, capitalism, for I have ...