relentless printing

  • Europe’s Storm, and Ours

    By Alexei Bayer  |  December 26, 2011

    Contrary to the widespread view that the European debt crisis is acting as a drag on the U.S. economic recovery, it actually has been beneficial for the United States. The euro-zone debt crisis has given Washington a respite by boosting the safe-haven premium of Treasury bonds and reducing the debt-service...

  • Economic Jump-Start

    By Alexei Bayer  |  October 26, 2011

    The principle of homeopathic medicine is to “let like be cured by like”: treat an illness by giving patients minute quantities of medicines that produce the same symptoms. But treating indigestion with a 10-course meal is not a good idea. This is why throwing borrowed funds at the current economic...

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