monetary policy

Our take on the investing, financial, & economic themes of the day

Inflation Quandaries

12 July, 2017 by Mark O'Brien in Commentary
Monday’s Wall Street Journal (July 10, 2017, page A2) contains a remarkable article. It is remarkable because it reveals the assumptions and attitudes of the experts who are trying to administer the global economy in which we find ourselves. The headline of the article provides the ... read more...

Bretton Woods 70 Years On

14 July, 2014 by Matthew O'Brien, Ph.D. in Commentary
I spent most of my childhood summers in the woods of Maine and New Hampshire.  Trips to New Hampshire usually meant hiking in the White Mountains, whose Presidential range is within site of the Mount Washington Hotel, a.k.a. Bretton Woods.  Towards the tail end of World War II, Bretton Woods ... read more...