Daily Archives: July 17, 2009
Tougher times for inflation targeters
Tougher times for inflation targeters: Over the past two decades, inflation targeting has become the holy grail of modern central banking. Most central banks have adopted some form of inflation target and have set interest rates mainly with a view … Continue reading
Rational?
Book Review: The Myth of the Rational Market July 14th, 2009
Top tax rate may soon exceed 50 percent
The Wall Street Journal reports, House Health Bill Slaps 5.4% Tax on Top Earners. The Tax Foundation calculates that adding this surcharge to existing taxes would raise the top tax rate to over 50 percent in 39 states. Click on … Continue reading
Robert Rubin: Whiz Kid?
The death of Robert McNamara has confronted the architects of another massive national catastrophe with a challenge: Will they, like McNamara in his post-Vietnam agony, acknowledge their failings and confess the error of their ways? Will they come up with … Continue reading
Some More Reports
The Fed: A Systemic Risk Generator – Richard Salsman, InterMarket FC A Signficant Rise In the PPI – Anika Khan, Wells Fargo Economics