The Fed

The only way to avoid fiscal crises is to stop increasing spending and instead begin reducing spending on all aspects of the welfare-warfare state.

If a monetary rule like the Taylor Rule is not a solution to the problem of the Fed, what is? Competition.

The Fed keeps hinting that it plans to raise the target rate more than once this year. But, the Fed's level of confidence is near zero.

Here are the five most important issues to keep an eye on in 2017.

This year, our attention will be toward the Fed and central banks, as the world's financial elites try to navigate increasingly volatile waters.

Patrick Barron explains how and why negative interest rates arise.

Congress seems set to reform the Fed, but what we really need is Fed competition.

The Fed says it can use a "neutral interest rate" to set policy. But, Fed economists don't understand how the neutral rate works.

At different times and in different places, Fed officials have changed their stories about whether or not bubbles can be seen before they pop.

As we wait to see what 2017 has in store for us, at least we can enjoy watching Krugman continue to destroy his reputation 140 characters at a time.