The Part-Time Critics of Central Banks

There seems to be no shortage today of investors and pundits criticizing the market interventions of the world’s central banks. Monetary stimulus in the form of artificially low interest rates and bloated central bank balance sheets ($18.5 trillion, to be exact), the argument goes, have created another dangerous financial bubble (evidenced by ubiquitously bubbly stock market valuation ratios) that ultimately threatens the financial system yet again. The author shares wholeheartedly in this criticism.

Five Takeaways from the House’s Yellen Hearing

On Wednesday, Janet Yellen testified before the House Financial Services Committee. Though the hearings lost much of their appeal when Dr. Ron Paul retired from Congress, the House Republicans have maintained a reputation for being far more hostile to the Federal Reserve than their colleagues in the Senate — managing to generate some worthwhile moments. While little news was made, with Yellen maintaining her support for generally low interest rates, there were some points made today worth noting.

Alexander Cartwright

Alexander C. Cartwright is assistant professor of economics at Ferris State University.

Christoph Venitz

Christoph Venitz is a doctoral candidate at Saarland University, Saarbrücken, Germany.

Michael Olbrich

Michael Olbrich is professor of business management and chair of the Institute of Auditing at Saarland University, Sa

Paolo Gomarasca

Paolo Gomarasca is associate professor of moral philosophy in the Department of Philosophy at Catholic University of

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