Hopefully in the coming year, the Federal Reserve can find a happy medium between stimulating growth and not keeping rates too low for too long, and lenders will again open up credit lines but also hold borrowers to a higher standard.

FORBES: Now For A Taste Of Some Austrian Economics

In Britain, banks still face high borrowing costs and remain nervous about lending more to small and medium-sized enterprises: a new credit-easing programme about to be introduced by the BoE and the Treasury is long overdue.

ECONOMIST: Quantitative easing: QE, or not QE? | The