Gillespie (Still in Leather) Talks Balanced Budget

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Friedman Would Not Support an Inflationary Fed

Read it all here:

Friedman made an exception to his rule about steady-state monetary policy in case of deflation. When prices fell, as they had during the Great Depression or in Japan in the 1990s, he urged the central bank to increase money growth. I served as one of two honorary advisers to the Bank of Japan in the 1990s. With short-term rates close to zero, I gave the same advice, urging the bank several times to buy long-term bonds or foreign exchange to increase money growth until deflation ended.

All this is not relevant now, since there is no sign of deflation in the United States. The Fed’s claim that there is a risk of deflation should embarrass it.

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Chris Stirewalt

Our latest BB&T Speaker series talk:

Chris Stirewalt from BBT Economics on Vimeo.

Fox News contributor and online editor Chris Stirewalt speaks about the election, state politics and economics.

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Stossel on why the Poor Remain Poor

Read it all here.

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Keep the Bush Cuts?

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The Lost Decade

Sam Staley writes at NRO on the unemployment figures.  Staley is scheduled to be with us in March.

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Ryan Debates Brooks @ AEI

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The EU Bust

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Blunt Words from Richard Epstein

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John Aglialoro on Atlas Shrugged, The Movie

Read all about it here.

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