Five Reasons for Central Banks: Are They Any Good?
No justification for central banks erases the fact that the central banks are creatures of power politics rather than economic reason.
The Fed
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Why the “Experts” Can’t Agree About Fed Rate Hikes
When should the Fed raise rates? Mainstream economists rely on statistics, but reject the necessary theory by which to interpret.
Week in Review: February 18, 2017
The Fed has elected to keep kicking the can down the road.
Stanley Fischer’s Eureka Moment
Stanley Fischer almost learns a lesson about econometric models, but just does not get it.
Yellen To Congress: We’ll do Something Someday
Janet Yellen testified before Congress and was as bland and predictable as ever: still uncertain, still has no clue what to do.
Showdown: Yellen and Trump
There is bubbling tension between the Trump vision and the Bernanke-Yellen monetary regime.
Rate Hike Guessing Games
The expectations of mainstream economists rarely come to fruition. Their track record is lousy.
Price Controls and Propaganda
For central banks, manipulating public perceptions of the economy is just as critical an issue as manipulating interest rates and the money supply.
