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The Desperation of Quantitative Easing |
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Written by The Daily Bell
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Thursday, 11 March 2010 07:29 |
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The Daily Bell
"Quantitative easing (QE)" is an ugly name for an important task: the need to make monetary policy effective when interest rates are close to zero. The world's leading central banks, including the Bank of England, have taken such actions. But is UK policy working? Yes, but not quite enough. The argument about quantitative easing is polarized: some critics wail about inflationary "money printing"; others complain that too little attention is paid to the flow of credit.
Of the two camps, the latter is the more persuasive. At its simplest, as Charles Bean, the Bank's deputy governor, has explained, the Bank uses newly created money to purchase assets. Hitherto, the UK's QE has amounted to £200bn ($274bn), mainly used to purchase government bonds.
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Last Updated on Thursday, 11 March 2010 07:34 |
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Read more... [The Desperation of Quantitative Easing]
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Missing the Elephant in the Room |
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Written by Mark Krikorian - Center For Immigration Studies
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Thursday, 11 March 2010 06:04 |
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I was disappointed with Reihan Salam's Forbes column on "what we can and can't do to raise wages":
The truth is that we need to take action on wages sooner rather than later, particularly for less-skilled workers.
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Read more... [Missing the Elephant in the Room]
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Democrats and Voter Differences are Irreconcilable |
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Written by Sally C. Pipes - Pacific Research Institute
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Wednesday, 10 March 2010 17:42 |
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During his 35th speech on health care at the White House last Wednesday, President Obama called on Congress to give his reform package an "up-or-down vote" before the Easter recess, with or without Republican support. House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid claim to have the votes to do it.
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Read more... [Democrats and Voter Differences are Irreconcilable]
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Obamacare’s Procedural Fraud on the American People |
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Written by The Foundry - The Heritage Foundation
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Wednesday, 10 March 2010 16:09 |
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The Health Care Nuclear Option [1] is still the stated plan to get Obamacare to the President's desk. The latest wrinkle is designed to allow pro-life Democrats to vote for the Senate's taxpayer funded abortion language while still claiming they never voted for taxpayer funded abortions. Don't be fooled.
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Read more... [Obamacare’s Procedural Fraud on the American People]
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The Obama Way: Bluster, Bully, Bribe |
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Written by Michelle Malkin
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Wednesday, 10 March 2010 07:50 |
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FrontPageMagazine
First published in TownHall
The White House took great offense recently when conservatives suggested President Obama might be trading a judicial appointment for a wavering Democrat's vote on his health care reform plan. "Absurd," a miffed administration official told Politico.com. Wherever could the American people get such an impression? Let us count the ways.
On Wednesday, the very day Obama hosted 10 swing Democrats who had opposed the expansive health care takeover bill in November, the White House issued a press release trumpeting the nomination of Scott M. Matheson Jr. to the 10th Circuit Court of Appeals. Matheson just happens to be the brother of Democratic Rep. Jim Matheson of Utah - one of the 10 Dems invited to sip wine and nosh on calorically correct appetizers with the arm-twister-in-chief.
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Read more... [The Obama Way: Bluster, Bully, Bribe]
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