Here is the second batch of links for today in anticipation of my not writing tomorrow. See you Friday.
News links for 18 Apr 2013
Are Central Banks Putting Their Independence at Risk? - Real Time Economics - WSJ
"Over the past 20 or so years, central banks have won, cherished and defended their independence from elected politicians. If you want to keep inflation down, they said to the politicians, don’t meddle when we move interest rates up or down. In country after country, the politicians, recognizing that they would tend to want a little more growth now at the cost of a little more inflation later, gave the central bankers their wish. And until the financial crisis hit in 2007, it seemed a very comfortable arrangement.Now some central bankers — and the economists who made th...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.