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‘Interest Rates Have Been Too Low for Too Long’

Spiegel - Jürgen Stark, 60, the chief economist of the European Central Bank (ECB), speaks with SPIEGEL about the growing threat of inflation, planned interest-rate increases and the consequences of the financial crisis.

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Ending Tyranny

American Interest, by John L. Gaddis - Thomas Jefferson’s eternal hostility to tyranny should be our guiding light today. Indeed, it’s one of the few things George W. Bush has gotten right in his second term.

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Now That’s Rich

NY Times, by Paul Krugman - Mr. McCain wants to preserve almost all the Bush tax cuts, and add to them by cutting taxes on corporations. Mr. Obama wants to roll back the high-end Bush tax cuts — the cuts in tax rates on the top two income brackets and the cuts [...]

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Storm clouds over the oil market

Financial Times - Bullish forecasters who predicted a few weeks ago that oil prices would soon top $200 a barrel may be feeling chastened. The price of US West Texas Intermediate is down almost 27 per cent from its July record of $147.27 a barrel, trading at $108 on Wednesday, a whisker [...]

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