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 [...]

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 [...]

“I can’t explain myself, I’m afraid, Sir, because I’m not myself you see.”
~ Alice, from Alice in Wonderland
According to the South China Morning Post (subscription required), the Chinese government has taken to censoring the financial media in effort to stem the floodgates of discontent brewing over dismal market sentiment.

With the craziness of the financial [...]

Fed officials gave serious thought to purchasing mortgage-backed securities in 2002.
Although the discussion focused on a very narrow segment of the MBS market, it provides some additional insight into the Fed?s thinking at a time when it is resisting calls from many on Wall Street to buy MBS more generally.
At their December, 2002, policy meeting, [...]