Economia
Uma excepção rara e notável
Depois do meu próprio recente post sobre um artigo de Greenspan não resisti a colocar um link para este post que glosa com a uma frase proferida por Greenspan:
Today’s competitive markets, whether we seek to recognise it or not, are driven by an international version of Adam Smith’s “invisible hand” that is unredeemably opaque. With notably rare exceptions (2008, for example), the global “invisible hand” has created relatively stable exchange rates, interest rates, prices, and wage rates.
Recomendo que não percam a caixa de comentários, com (algumas) excelentes variações sobre o tema, sendo que a minha preferida é:
Pompeii has always been a safe place to raise a family, except on those notably rare exceptions when Vesuvius erupts.
PS: Quem ainda não estiver cansado pode ver outra lista de "variações" aqui.
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Ler Os Outros: Inflation And Debt (wonkish) - Paul Krugman
Não perder este post sobre em que Krugman comenta uma caixa do capítulo I do Economic Outrlook da OCDE sobre o efeito da inflação sobre a dívida pública (os negritos são meus): "the report has a box dismissing the possibility that a higher inflation...
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O Padrão Do Dólar
Our Dollar, Your Problem
In his new book, The Unloved Dollar Standard: From Bretton Woods to the Rise of China, McKinnon explains some uncomfortable truths. The dollar standard is unloved because of what one US Treasury secretary told his foreign critics...
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Teoria Monetária
Instruments, indicators, targets, transmission mechanisms and goal variables (my pathetic attempt at a general theory of monetary policy)Macroeconomists disagree about everything. We can’t agree on the proper goal variable of monetary policy,...
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Hiperinflação Usa
May 27 (Bloomberg) -- The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said. Prices may increase at rates “close to”...
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Óbvio E Nem Tão Óbvio Assim
Charles Plosser, Presidente do Federal Reserve Bank of Philadelphia explica o que Bernake (provavelmente) irá fazer: “If the growth rates of employment and output begin to accelerate or if inflation or inflation expectations begin to rise, then it...
Economia