Browsing Tag

Volcker

Obama’s FDR Moment

The FDR moment occurred in 1933 when FDR took the reigns of monetary policy from an ineffective Fed and sparked a robust recovery in aggregate demand. The Fed had allowed aggregate demand to collapse for three years when FDR responded. He…

A New World Order

UPDATE: 19 MAR 2010: Given the debate on China and its currency peg, I thought this post from November 2008 would be relevant. It called for a new world order centered around a new monetary system. This idea has gained some currency as it…

Financial News: 2009-12-16

Steven Pearlstein - Out from under TARP, banks are now free to fail again - washingtonpost.com France Matches U.K. With 50 Percent Bonus Tax - DealBook Blog - NYTimes.com FT.com - End bankruptcy priority for derivatives, repos…

News from around the web: 2009-12-12

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