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Monetary Policy

Alan Greenspan: Fed can do no more to cut unemployment:

Reuters | Doug Palmer | Posted 05.25.2011 | Business

WASHINGTON (Reuters) - The Federal Reserve has done all it can do to reduce unemployment and needs to worry more about the risk of inflation from the ...

Why Sen. Dodd's Opposition to the Federal Reserve is Ill-Conceived

Georges Ugeux | Posted 05.25.2011 | Politics
Georges Ugeux

Had Senate Banking Committee's Chairman Chris Dodd's proposal been effective before the crisis, where would we be today?

Fed Survey: Economy Growing, But Companies Still Not Hiring

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — The economic recovery is spreading to more parts of the country even as a growing number of people can't find full-time jobs. The ...

Strengthening The Levees Against Unemployment And Rising Debt

Ann Pettifor | Posted 05.25.2011 | Business
Ann Pettifor

Government must manage the federal budget in the same way that you manage your household budget. But in truth, the president must do the opposite.

Currency Imbalance Should Not Become a Distribution

John S. Chen | Posted 05.25.2011 | Business
John S. Chen

Fixing our attention on the currency issues is a distraction, and takes our eyes off the core issues that will keep our lead in our economic power. And that is not China's problem. It is America's problem.

No Good Times for Big Business -- They're Mad as Hell and Not Gonna Take It Anymore

Esther J. Cepeda | Posted 05.25.2011 | Chicago
Esther J. Cepeda

Big Business is not as interested in making big plans or big money with big ideas as they are in blaming Washington for all that ultimately ails you.

The G20 Summit: Hijacked by Neo-Liberalism

Marshall Auerback | Posted 05.25.2011 | Business
Marshall Auerback

Government deficits are not an aberration; they are the norm. Our first (and possibly greatest) Treasury Secretary, Alexander Hamilton, called the national debt a "national blessing."

Big Ben Again: Obama to Reappoint Bernanke as Fed Chairman

Jill Schlesinger | Posted 05.25.2011 | Business
Jill Schlesinger

By reappointing Federal Reserve Chairman Ben Bernanke to another term, President Obama has chosen to dance with the devil he knows -- that's a good idea.

The Babble Over Regulatory Reform, Cont'd

Robert Teitelman | Posted 05.25.2011 | Business
Robert Teitelman

Nobody just announces anything anymore. Before anyone in Washington can get lunch, it has to be leaked, briefed, previewed in speeches, summarized in ...

It's the Global Economy (Stupid) -- or Is It?

Mark Weisbrot | Posted 05.25.2011 | World
Mark Weisbrot

The contemporary idea of the "global economy" is based on a misapplied analogy to the historical development of national economies.

Economic Meltdown or Back to Normal?

Hugh McGuire | Posted 05.25.2011 | Business
Hugh McGuire

The wealth of the past 10-15 years was illusory. The markets have in fact dropped back to where they "should" be.

Economic Recovery -- Five Lessons from the Depression

John Tepper Marlin | Posted 05.25.2011 | Business
John Tepper Marlin

The Washington Consensus is that whatever measures are needed to ensure economic recovery should be taken. This is especially true of the incoming te...

Fed Intervention: Whatever It Takes

John Tepper Marlin | Posted 05.25.2011 | Business
John Tepper Marlin

Chairman Martin would surely be stunned by the activism of today's Fed -- and the breadth of agreement that it is doing the right thing -- as it drops monetary napalm on dangerously frozen peaks of our financial system.

The Urgent Case for a Big Stimulus

Jeff Madrick | Posted 05.25.2011 | Business
Jeff Madrick

If we don't stimulate the economy, tax revenues will fall far faster and deficits rise, anyway. But they won't be the deficits of constructive investment. They will be the deficits caused by unnecessarily lost wealth.

When Incompetence Is Rewarded

Neil Grossman | Posted 05.25.2011 | Business
Neil Grossman

We are not terribly tolerant of failure. A CEO who disappoints investors and the markets often finds plenty of time to read by the fireside. A coach ...

"Weapons of Mass Financial Destruction" at the G8 Summit

Max Keiser | Posted 05.25.2011 | Business
Max Keiser

I was on Al Jazeera live from Doha, Qatar Sunday talking about the G8 meeting, the U.S. dollar and weapons of mass financial destruction.

Dollar Rebound in 2008: A Fairy Tale?

Eben Esterhuizen | Posted 05.25.2011 | Business
Eben Esterhuizen

Are traditional assumptions about the connection between growth and proactive interest rate cuts still valid if monetary policy fails?

The Fed Finally Got It Right

Ron Insana | Posted 05.25.2011 | Business
Ron Insana

The Fed will continue to cut interest rates until the markets are calm, financial institutions can lend again and the economy shows signs of life.

Zimbabwe To Introduce New Currency As Record Inflation Continues

Al Jazeera | Posted 05.25.2011 | Home

Zimbabwe is to introduce a new currency by the end of the year in an attempt to control the country's extreme rate of inflation, the governor of the c...