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Category Archive: Depression

  1. Will Monetary Policy Cause Rapid Inflation? Maybe Not Says An Economist At the St. Louis Fed.

    Con­ven­tional wis­dom sug­gests that a very aggres­sive mon­e­tary pol­icy will cause rapid infla­tion. How­ever, in this month’s Fed­eral Reserve Bank of St. Louis Review, William Gavin says that the con­ven­tional wis­dom maybe wrong and that infla­tion isn’t pre­des­tined or even a likely result of cur­rent mon­e­tary pol­icy. Gavin believes that if the econ­omy recov­ers before […] [read full story]

    Posted in: BANKS, Credit Crisis, Deflation, Depression, Economic Statistics, economy, Excess Reserves, Federal Reserve, Finance, Inflation, monetary policy, Public Policy
  2. Mark-To-Market Accounting – The Boogeyman Of The 1930s Is Back

    I won­der how many peo­ple real­ize that that FDR got rid of mark-to-market account­ing in 1938 after it vir­tu­ally destroyed the bank­ing sec­tor. Accord­ing to Brian Wes­bury and Robert Stein mark-to-market account­ing was the law of the land for most of the Great Depres­sion until it was out­lawed by FDR in 1938. Wes­bury and Stein […] [read full story]

    Posted in: BANKS, Credit Crisis, Depression, economy, FASB, FDR, Finance, Great Depression, Mark to market accounting, Public Policy
  3. Money Supply And Economic Data Weekly Watch – Living in the Twilight Zone

    We’ve entered the twi­light zone. This week’s money sup­ply and eco­nomic data is sur­real. Money sup­ply is grow­ing at an unbe­liev­able pace. As mea­sured by sea­son­ally adjusted M1 and M2, the Fed announced that money sup­ply set new all time records. The quick rate of growth for money sup­ply is actu­ally accel­er­at­ing. Over the last […] [read full story]

    Posted in: Cox, Deflation, Depression, Economic Statistics, economy, Federal Funds Rate, Federal Reserve, Finance, Hoover, Inflation, M1, M2, Madoff, monetary policy, Money Supply, Public Policy, SEC
  4. Really Good Analysis By A Really Smart Guy

    Paul Krug­man won the Nobel Prize for Eco­nom­ics because he is a really smart guy who often says and writes incred­i­bly insight­ful things. On Novem­ber 20th he wrote an arti­cle for the New York Review of Books titled What To Do Now that pro­vides a great frame­work for under­stand­ing the cur­rent cri­sis and what gov­ern­ment […] [read full story]

    Posted in: Depression, economy, Finance, Paul Krugman, Politics, Public Policy