Inflation May Be Causing a Long-Term Rise in Unemployment
Far from being neutral, inflation leads to changes in political institutions, and these changes push up unemployment over time.
Money and Banking
Displaying 721 - 730 of 2008
The Federal Reserve Is Hillary Clinton’s Secret Weapon
With an election coming, the Fed has lost its enthusiasm for raising interest rates, much to the benefit of the incumbent party.
Why This “Boom” Doesn’t Feel Like One
There are really two types of asset-price-inflation periods. One is the "boom" type, but the other is the current "depression" type.
The Fed Thinks It Can Use the “Natural” Interest Rate to Fine-Tune the Economy
It is impossible to isolate the "natural rate" and policies aimed at an unknown interest-rate target end up increasing instability.
Audio: Jeff Deist on Central Banks on the BBC
Do central banks have a plan? Do they know what they are doing? The BBC wonders, and Jeff Deist provides some of the answers.
Mark Carney: Britain’s Celebrity Central Banker
As in much of the globe, central bankers in Britain are quickly replacing elected politicians as the most visible and powerful public officials.
Interest Rates and the Marshmallow Test
People have a natural preference for having good things now instead of having them later. This is a problem for advocates of negative interest rates.
The Week in Review: October 15, 2016
We are less than a month away from the election and it can not be over soon enough.
Thanks to Central Banks, Saving Rates Are Declining Worldwide
Americans are saving very little money for emergencies. Unfortunately, central banks have been encouraging the same thing worldwide.
Will Eliminating Cash Save the Economy?
As another step toward greater use of negative interest rates, the abolition of cash will only lead to the destruction of wealth.
