The Fearful Economy
One reason economic statistics are weak: Businesses are hoarding cash and stockpiling commodities. Can we blame them? Recent economic indicators …
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Over a Barrel
On Nov. 13, 2001, President Bush ordered the government to fill the Strategic Petroleum Reserve to its capacity of 700 …
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Take $10 off the Price of Oil
Oil prices have more than doubled since 2001, hitting $55 per barrel in mid-October. This price surge has produced a …
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Why China Won’t Revalue
In the wake of the Asian financial meltdown, experts predicted that China would devalue the renminbi. So did traders: Currency …
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Some Reflections on Monetary Institutions and Exchange-Rate Regimes
Chairman Allan Meltzer requested that I present an overview of my thoughts on exchange-rate regimes. I will do this as …
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Argentina’s Current Political-Economic Crisis
Mr. Chairman, thank you for this opportunity to express my views on the causes of and cures for Argentina’s current …
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