Daily Archive: Tuesday, June 2, 2009

Merkel attacks central banks

[Skip to the end] >   Karim writes: >   Surprising comments show political difficulties of QE in Europe. With fiscal policy constrained >   and the Euro strong, that means more pressure on ‘conventional’ monetary policy: ECB to >   keep o/n rate low for long. Yes, agreed. Shows no understanding of monetary operations whatsoever. With the old German ...Read More

from Mikenormaneconomics.org

[Skip to the end] Mike Norman Economics Some thoughts If we ever enact a balanced budget amendment, take yourself and your family and move to Canada or China. Obama believes the U.S. has “run out of money.” Scary. Our president doesn’t understand our own monetary system. Even George Bush understood this. Any ...Read More