One common argument is that while Keynesians rightly call for temporary deficit spending to offset private sector contractions, politicians ignore the temporary part.
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When it comes to monetary policy, the Federal Reserve has just two jobs, and it's failing at both of them. The Fed has a dual mandate to promote ma...
There has been a lot of talk about a rebound in the equity and real estate markets helped along by the Fed's free money. That much is for sure the truth; but the evidence of a viable and sustainable recovery built on free-market forces just isn't there.
Argentina is once again wrestling with its long-time enemy -- inflation. Now, it appears history may soon repeat itself, as Argentina teeters on the verge of another currency crisis.
Each turn of the cycle brings tighter global connectivity and integration, everything riding on hair trigger algorithmic trading seeking to squeeze out the last drops of advantage. Many believe this interdependency has reduced the risk of catastrophic failure.
Latin America continues to be one of the fastest growing regions in the world, even though growth slowed down a bit in 2012. However, these blissful external conditions will not last forever.
Nominal wages for incumbent workers are still pretty sticky. If you're lucky enough to have a job, think about your own case. I suspect you haven't seen much in the way of raises, but has your salary actually been cut in nominal terms?
There's no mystery about why the Fed wants to keep interest rates low. Who is the biggest loser when the Fed keeps rates artificially low by purchasing $85 billion of securities with newly-created credit every month? Savers are the big losers in this rigged game.
Explanations for this gold selloff abound everywhere and nearly all of them are inane and incorrect. What gold is really telling us is that the global economy is on very thin ice.
Where, and when, will it all end? That's impossible to say. Just as gold can soar based on popular opinion, it can -- and has -- lost its luster for many years at a time.
Attacking the Republicans for their indifference to inequality is like shooting fish in a barrel. There is no shortage of examples showing how little...
After a short but bitterly fought, insult-laden campaign, Chavista standard-bearer Nicolás Maduro defeated challenger Henrique Capriles, thus assuring continuity in Venezuela after the death of President Hugo Chávez last month.
Bitcoin seeks to be an electronic cash (currency) system that doesn't rely on trust. Paradoxically, Bitcoin requires a trust-based ecosystem.
The end of these unconventional monetary policies will come and may pose threats to financial stability because of the length and breadth of their unprecedented reign. Policymakers should be alert to the risks and take gradual and predictable measures to address them.
It's a fear most women share -- the fear of being dependent and alone and impoverished in our old age. And if men were smarter, they'd worry too -- unless they have a spouse to take care of them!
The goal of continued stability -- and certainly the hope for more broadly shared growth -- cannot be taken lightly. Everybody I spoke to in Algiers agreed the country needs a more open and diverse economy to create a bigger pie, and to ensure that all Algerians get their fair share in it.
Take, for example, the Fed's willingness to purchase toxic real estate assets -- using your money to acquire securities which are now shunned by the market. Or take the Bank of England's efforts to shove easy money at banks making corporate loans. What happened to good old-fashioned faith in markets?
* Euro zone inflation rate falls to 1.8 percent in February * Unemployment hits new high of 11.9 percent in January By E...
Economists like to say there's no such thing as a free lunch -- this was even the title of a 1975 book by Milton Friedman. But sometimes there is a free lunch -- in a vitally important sense -- and now is one of those times for a lot of countries suffering from unnecessary unemployment.
I expect it will not be until inflation becomes a serious and undeniably-painful condition for the economy that Mr. Bernanke begins to change his mind. And any change that does eventually occur will be slow and gradual... at best.
Isn't $3 trillion already on their books too much? Not really, when you look at what even Fed Chairman Bernanke's predecessor, wily Alan Greenspan (master of do what I say, not what I do), was able to engineer during his almost 20-year tenure. How did he do it?
CARACAS, Venezuela -- An ally of President Hugo Chavez says the government is considering economic adjustments to combat Venezuela's 20 percent inflat...
Countries that pay for what they spend by printing money or, these days, creating it electronically, are usually broke. That certainly fits our bill. And we're printing lots and lots of money. Over the past five years, the Treasury has, in effect, done its $1 trillion coin trick twice.
My goodness, we have such huge budget deficits, say the deficit hawks and bond vigilantes (who sing the same basic tune). Because deficits continue to grow, inflation is just around the corner. This means their thinking is even scarier.
