Articles from the author

The perils of government overreach

Uncertainty plays a key role in central bankers' policy deliberations.

The G-20's war on bankers' pay

Bernanke said the linkages between monetary policy and home prices were weak

Junk bond issuance already set a record for the year, with demand for high-yield debt narrowing spreads to Treasuries

When central bankers start protesting that inflation is too low, you can be pretty sure they're gearing up to do something about it

How's that QE2 working out for you?

Ben Bernanke arrived at his office a week ago and came face to face with his worst nightmare.

Some say that the higher cost is inflationary, as if relative price changes can morph into a wider rise without help from the central bank

Predicting the future is always dicey, no matter how hard economic modellers try to convince you otherwise