3

econbrowser.com - 1/14/2009

Bernanke on the Fed's balance sheet

— econbrowser.com — In remarks in London today, Fed Chair Ben Bernanke let the world know how he views the risks and benefits of the recent dramatic changes in the assets and liabilities of the U.S. Federal Reserve. One of Bernanke's goals was to reassure the public ... (more) Bernanke on the Fed's balance sheet

Federal Reserve

Ben Bernanke

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9

blogs.ft.com - 1/12/2009

Quantitative and qualitative easing again

— blogs.ft.com — The UK Chancellor, Alistair Darling, has been busy repudiating the notion that the British government was planning to ‘print money’ to prevent deflation and stimulate the economy. He was reported in the Financial Times (January 9th, ... (more) Quantitative and qualitative easing again

Comments vote downundo vote up FT Alphaville found this 1/12/2009found this

3

bloomberg.com - 1/20/2009

Bernanke Tells It Like It Is, Some Don’t Listen: John M. Berry

— bloomberg.com — Commentary by John M. Berry Jan. 20 (Bloomberg) -- This may be as close as we’re going to get to a Fed chairman labeling some in Congress as irresponsible. Sure, Federal Reserve Chairman Ben S. Bernanke was typically careful with his wording in a Jan. ... (more) Bernanke Tells It Like It Is, Some Don’t Listen: John M. ...

Government

Ben Bernanke

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This makes teaching money and banking harder
SCSUScholars — ... that approach, he said, “the composition of loans and securities on the asset side of the central bank’s balance sheet is incidental.” The Fed, instead, is focused on the asset side of its balance sheet — “on the mix of loans securities it holds and on how this composition of assets affects credit conditions for households and businesses.” Call it “credit easing,” he said. The phrase was adopted by the Fed after pondering several other labels for its new approach. Via the WSJ. This is, in fact, what Willem Buiter refers to as qualitative easing. Let ...

Invest in Strength Amid Weakness
The Aleph Blog — ... I don’t like quantitative or credit easing.  If we are going to be Keynesians here, let’s let the money supply expand, creating real inflation, and raise the nominal prices of homes that are currently underwater.  Rather than trying to be too clever, and trying to solve all problems without inflation, let’s have inflation.  I don’t think the problems can be solved without a rise in the price level, which will also make foreign countries adjust their policies to match US actions. ...