Matt Yglesias has suggested, many times, that there are no downsides to a “currency war”. Here is the most recent example. Now Paul Krugman...

Brad DeLong takes Marco Rubio to task for not understanding how central banking works: Rubio, you see, wants the Federal Reserve to stab...

Blogging has been light as Real Work has pressed, but there is something I don't want to let go. Dan Nexon linked to this post and ask...

Tyler Cowen summons his inner Kindleberger and gets pessimistic: We are realizing just how much international economic order depends on t...

Today's edition: Mike Konczal tries to rally liberals around the Fed-bashing flag: For most policymakers and commentators on the lef...

Scott Sumner goes hard after American political science: Just one more reason why academics should pay no attention to “public opinion” ...

As of tomorrow, June 14th (Flag Day?), the cyber hacktivist group Anonymous is beginning "Operation Empire State Rebellion". The g...

There's been some good discussion of this report by Robert Kuttner, explaining the political battle between creditors and debtors. Kutt...

I've written about this in terms of lender of last resort, but Edward Hugh says the Fed's importance goes well beyond that: If t...

Felix Salmon asks when the Fed will start caring about banking regulation, and points to this column by Jesse Eisinger. I'm not sure w...

Paul Krugman sends us to Vlad "the Destroyer" Putin: “Look at their trade balance, their debt, and budget. They turn on the print...

Matt Taibbi asks a good question : Why, I wondered, would the Federal Reserve be giving Muammar Qaddafi $26 billion in near-zero interest lo...

All NBER working papers, except the last one which is from the SanFran Fed. Excerpts are abstracts. First (Ryan Avent discusses this here ....

Via Felix Salmon : At the end of 2010, the Federal Reserve system had $2.423 trillion in assets and $2.367 trillion in liabilities, which me...

So a few days ago I posted a somewhat-oblique response to this quip from Felix Salmon: Which leads me to the conclusion that a lot of what ...

Quantitative easing and devaluation with actually doing anything: The Federal Reserve broke a taboo yesterday when it said quite baldly that...

Not really. Economics of Contempt is puzzled about this. He should not be: [W]hat's the point of having the independence they're so...

Fed Chairman Ben Bernanke just cleared a major hurdle a few minutes ago when the Senate voted 77-23 to end debate (cloture vote) on his rea...

Ben Bernanke is not concerned enough about the short run , and in the long run we're all dead. Ben Bernanke is too concerned about the s...

Brad DeLong says that Ben Bernanke is unprofessional, and recants his support for another term for Bernanke as Fed chair. Why? Because Bern...