Not Yet an Inflation Nation

The unprecedented and aggressive moves by the Federal Reserve to stem the slide of the US economy have raised concerns about the eventual inflationary consequences of sustained monetary easing.  Most recently, Alan Meltzer has addressed this in his op-ed “Inflation Nation” in the New York Times on Monday, May 4, 2009. Meltzer’s views, and those […]

Dollar’s Rebound?

The title of a story on the first Business Page of The New York Times on Wednesday, May 7 proclaims “Signs of Stability, Even Upturn, for Dollar” and it begins “After six years of stumbling against the euro, the dollar may be showing signs of getting back on its feet.” The chart included with the […]