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FT.com / Columnists / Martin Wolf - ‘Helicopter Ben’ confronts the challenge of a lifetime
FT.com / Columnists / Martin Wolf - ‘Helicopter Ben’ confronts the challenge of a lifetime
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, ...
FT.com / Columnists / Martin Wolf - Keynes offers us the best way to think about the financial ...
ft.com — We are all Keynesians now. When Barack Obama takes office he will propose a gigantic fiscal stimulus... package . Such packages are being offered by many other governments. Even Germany is being dragged, kicking and screaming, into this race. The ghost ... (more) FT.com / Columnists / Martin Wolf - Keynes offers us the ...
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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 ...

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Wednesday morning linksThe Mess That Greenspan Made
TOP STORIES Fed cuts key interest rate to record low: zero to 0.25% - LA Times Bernanke Charts New Fed Course With Zero Rate, Asset Purchases - Bloomberg S.E.C. Issues Mea Culpa on Fraud Case - NY Times ‘Helicopter Ben’ confronts the challenge of a lifetime - Financial Times Southern ...