As lawmakers appeared to reach a tentative deal on a Treasury rescue proposal for troubled assets, Steve Quinn, associate professor of economics at Texas Christian University in guest post for Real Time Economics, looks back at Britain’s experience in the 18th century to offer an alternative plan.
The current financial crisis began with the idea that [...]

Bernanke

Congress just put a $700 billion hot potato back on Federal Reserve Chairman Ben Bernanke’s lap, and without the tool the Fed had sought to make its job easier: the ability to pay interest on bank reserves.
That could leave the Fed with little choice but to eventually lower interest rates again to keep the economy [...]

As lawmakers appeared to reach a tentative deal on a Treasury rescue proposal for troubled assets, Steve Quinn, associate professor of economics at Texas Christian University in guest post for Real Time Economics, looks back at Britain’s experience in the 18th century to offer an alternative plan.
The current financial crisis began with the idea that [...]

If anyone ever needed a crash course in how not to lead, Britain’s political, institutional, corporate, and sports leaders have delivered it during the last two months. We have seen a catalogue of mismanagement and failures from leaders whose competence, intelligence and sense and integrity leave much to be desired. Here are some highlights (or, [...]

Former Federal Reserve Chairman Alan Greenspan has recently confessed surprise that housing became a bubble. Some of his comments as Fed Chairman back in 2002 underscore his belief that homeprices would continue to rise, and as a result, would remain an important source of consumer spending power.
“There is very little evidence of which I?m [...]