I maintain my long-standing belief that some inflation is good, though you have to convince the public of that and good luck with that, after all we have to vote in Trump because gas is up 10 cents in the week before the election or...
federal reserve
Since our economic betters have overlearned the lessons of the 1970s and have responded to this brief and highly specific to a global pandemic period of inflation by going full.
I am not one to dismiss the inflation of the 1970s as a very serious policy problem at the time. Obviously, anyone who lived through that is aware of it..
Daniel McDowell, Aditi Sahasrabuddhe and Kindred Winecoff have a terrific explainer on what the Fed is doing in the face of growing global economic crisis. They focus on four points: The Fed quickly moved into crisis-fighting mode; Reaching for ‘swap lines’ suggests global financial threats;Domestic...
David Shankbone [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0/)] What if it's 2008, but with corporate debt instead of mortgage debt and comparatively little room for monetary stimulus? That's what my colleague, Andreas.
Nothing excites the blood like the fed and monetary policy. So here's a great piece by Dean Baker getting after the fed for raising interest rates and causing unemployment. However,.
Read Mike Konczal's review of multiple recent books dealing with the intersection of the Federal Reserve and the banking system. PEOPLE MAY REMEMBER that in his 1933 inaugural address, Franklin Delano Roosevelt told us “that the only thing we have to fear is fear itself.”...
I'm surprised the Federal Reserve hasn't raised interest rates yet as it's been rumored for a good year. But the time is coming, despite Janet Yellen doing some work to.