…monetary policy in late 2008. Monetarists will usually say that M2 is the best criteria for the stance of monetary policy. By that criterion the ECB adopted an ultra-tight monetary…

…as the ECB’s president, Mario Draghi, said at the ECB conference where Mr. Krugman is presenting his case for a higher inflation target… “Mr. Draghi’s response: try telling that to…

As the ECB (European Central Bank) loosens monetary policy even more in the face of falling inflation, we will see a test of the Fisher Effect. The idea is that…

…Angry Bear on June 10. “I have seen the top of the Dow Jones index as 16,800, but when the ECB loosened monetary policy to an extent never before seen…

…which were then gradually and quietly rolled off over the next six months to be replaced by Mortgage Backed Securities. The euro was crashing, and the ECB was facing the…

…and damage the national credit rating with their showdown over the debt ceiling. He just doesn’t mention that the impending debt default and Obama’s sequestration legislation–Obama presumably having become a…

…now believe that it is immoral for me to increase my debt, which could be a burden on my children and grandchildren. As a result, I have imposed a debt…

…advent of surpluses, the United States has begun to make real progress in paying down its debt. During 1998–2000, debt held by the public fell from $3.8 trillion to $3.4…

by Linda Beale Will Boehner Prevent Extremists from Causing US Debt Default? As the shutdown continues, Republican Speaker Boehner still refuses to bring a clean budget resolution to a vote….

…including ones from the FED: Democrats and Republicans Pedal to the Metal in Debt Ceiling/Shutdown Game of Chicken – Yves Smith – Watching the shutdown/debt ceiling impasse is increasingly like…