AUGUST 26, 2011 One program for recovery worked, and the other hasn’t. By STEPHEN MOORE If you really want to light the fuse of a liberal Democrat, compare Barack Obama’s economic performance after 30 months in office with that of Ronald Reagan. It’s not at all flattering for Mr. Obama. The two presidents have a […]
OBAMANOMICS VS REAGANOMICS Read More »
AUGUST 15, 2011 By severing the dollar’s convertibility to gold in 1971, the president ushered in a decade of inflation and economic stagnation. By LEWIS E. LEHRMAN On the afternoon of Friday, Aug. 13, 1971, high-ranking White House and Treasury Department officials gathered secretly in President Richard Nixon’s lodge at Camp David. Treasury Secretary John
THE NIXON SHOCK HEARD ‘ROUND THE WORLD’ Read More »
JUNE 30, 2011 Mitt Romney has adapted her ‘Labour Isn’t Working’ slogan, but would he emulate her steely leadership? By ANDREW ROBERTS In 1978, with the British economy in crisis and unemployment hovering at 1.5 million, or 5.1% of the working-age population, Margaret Thatcher’s Conservative Party turned to its advertising gurus, Charles and Maurice Saatchi,
REPUBLICANS AND THE THATCHER LEGACY Read More »
JUNE 28, 2011, Normal interest rates would raise debt-service costs by $4.9 trillion over 10 years, dwarfing the savings from any currently contemplated budget deal. By LAWRENCE B. LINDSEY Washington is struggling to make a deal that will couple an increase in the debt ceiling with a long-term reduction in spending. There is no reason
THE DEFICIT IS WORSE THAN WE THINK Read More »
JUNE 15, 2011 Notable & Quotable Lawrence B. Lindsey on how the Federal Reserve has forced itself into keeping interest rates low. Economist Lawrence B. Lindsey writing in the Weekly Standard, June 13: Right now, thanks in large part to Federal Reserve policy, Uncle Sam can borrow at an average cost of just 2.5 percent.
THE FED IS IN A BOX Read More »
APRIL 23, 2011 By TOM LAURICELLA The U.S. dollar’s downward slide is accelerating as low interest rates, inflation concerns and the massive federal budget deficit undermine the currency. With no relief in sight for the dollar on any of those fronts, the downward pressure on the dollar is widely expected to continue. The dollar fell
DOLLAR’S DECLINE SPEEDS UP, WITH RISKS FOR U.S. Read More »
APRIL 21, 2011 The world tries to protect itself from U.S. monetary policy. Members of the International Monetary Fund emerged from their huddle in Washington last weekend resolved to keep every option open to slow the flood of dollars pouring into their countries, including capital controls. That’s a dangerous game, given the need for investment
FLEEING THE DOLLAR FLOOD Read More »
SeekingAlpha.com | by: Ananthan Thangavel April 19, 2011 | about: GLD Over the weekend, an announcement was made that the University of Texas endowment fund had decided to take delivery of $1 billion worth of gold. This was an absolutely huge development on multiple fronts. First, the UT endowment fund’s gold purchase was a radical deviation
UNIVERSITY OF TEXAS’S GOLD BUY IS A GAME-CHANGER Read More »
APRIL 17, 2011, 1:01 P.M. ET By ANDREW BROWNE EXCERPT FROM THIS ARTICLE:The U.S. Federal Reserve has pumped hundreds of billions of dollars into the American economy, hoping to stimulate growth, but much of the liquidity has spilled into foreign markets as investors seek higher returns in faster-growing regions. The flood of money has also
CHINA FUND CHIEF HIGHLIGHTS CAUTION ON GLOBAL ECONOMY Read More »
