The New York Times Pushing For Doubling Inflation!
Megan Cohen tells us of when Santa Claus was on the US Currency in the Liberty Street blog of the Federal Reserve Bank of New York. Merry Christmas to all!
Nathan Lewis in Forbes.com chides the Russian Central Bank for its severe mismanagement of the ruble.
From Forbes.com Ralph Benko discusses Kim Jon Un, Paul Krugman, and Smaug’s comments on gold.
On CNBC, Matt Clinch asks if Russia could back its currency with gold.
Reuters reports Swiss Central Bank announces negative interest rates to stem flight to franc.
At Forbes.com, James Dorn makes the case for a monetary rule, says its time to end the Fed’s discretion.
“Fed monetary policy ‘is as effective in bringing prosperity as rain dancing is in bringing rain,’” Bloomberg, quoting Ed Prescott, in an article on the departure of the president of the Federal Reserve Bank of Minnesota.
Michel Norbert at Forbes.com says that Elizabeth Warren and Nancy Pelosi are talking absolute nonsense regarding eliminating the swaps push out rule in Dodd-Frank.
Bloomberg reports, fall in oil prices strands $1T in investments