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Amid a horrific financial crisis, all we hear are calls for more of the money-printing, spending and subsidies that created this mess. So I choose my great teacher, Ludwig von Mises, champion of the Austrian School of economics, who taught us how a central bank like the Fed causes booms and busts and how to build prosperity through sound money and economic freedom...
Metro Detroit's ethnic communities are wide and diverse. The city's population increased more than six-fold during the early 20th century industrial boom, fed largely by an influx of Irish, Germans, Scots, Poles, Italians, Greeks, Serbians, Turks, Armenians, Jews, Arabs and Lebanese. In fact, "it is home to the largest concentration of Arab Americans in North America," says Warren David, founder of Arabdetroit.com and president of David Communications, a public relations firm specializing in Arab-American and Islamic markets. "Many initially streamed in from Syria for economic reasons. The silk industry had collapsed there...
...issue for the policy makers in the Fed is that interest rates are low but it is clear that our economy is still in trouble,” Motley said. “Their main tool is interest rates. Now that they have done almost all they can with that, the question is what is left...
...tradition, the Fed Challenge Team has been very independent and very student-run,” Lo said...
...story, "Students Defend Fed Challenge Title," misstated one of the people on Harvard's Fed Challenge Team. Anna Y. Zhang '10 was on the team, not Scott R. Vautour ’10. In addition, the story omitted the word "funds" from the "Fed funds rate...