Pink Picks
FT Alphaville —
Comment, analysis and other offerings from Wednesday’s FT, Martin Wolf: ‘Helicopter Ben’ confronts the challenge of a lifetime We are where we are partly because the Fed was so terrified of deflation six years ago. Now, a credit bubble later, Ben Bernanke has to cope with what he then feared. This time, the result will ultimately not be deflation but unexpectedly high inflation, though probably years hence. ...
links for 2008-12-17
Economist's View —
Quantitative easing - Econbrowser
Even More Stimulus Plans - Economix
"The science isn't there..." - Free exchange
Dark Energy Stunts Galaxies’ Growth - NYTimes.com
Finding Good News in Prices - NYTimes.com
Defeating Bedlam - Olivia Judson
‘Helicopter Ben’ confronts the challenge of a lifetime - Martin Wolf
The Education of Robert Samuelson - Beat the Press
The Fed Speaks: More on Today's Decision - ...
Trepidation About Quantitative Easing, Version 2.0
naked capitalism —
... A conventional view of how this plays out comes from Martin Wolf of the Financial Times: the Fed's extreme measures will of course prevail, but at the risk of considerable inflation: ...
Twenty Comments on the Current Economic Scene
The Aleph Blog —
... 6) Brave Ben Bernanke is fighting the Depression. If his theories are right (and mine wrong), if he succeeds, he will face a difficult challenge in collapsing the Fed’s balance sheet as inflation re-emerges, without taking the wind out of the economy. But if I’m right (or ...
Letter From London . . .
Silicon Valley Watcher - conversations and observations at the intersection of technology and media —
... Woolworth's - Wikipedia, the free encyclopedia
Central banks may soon resort to their most powerful weapons against deflation: the printing press and the “helicopter drop” of money. It is a time for which Ben Bernanke, chairman of the Federal Reserve, has long prepared. Will this weaponry work? Unquestionably, yes: used ruthlessly, it will eliminate deflation. But returning to normality thereafter will prove far more elusive.
FT.com / Columnists / Martin Wolf - ‘Helicopter Ben’ confronts the challenge of a lifetime ...

