The Fed

Displaying 1351 - 1360 of 2263
John P. Cochran

The Wall Street Journal has evaluated the Greenspan and Bernanke era and awarded it a well-deserved “F.”

Harry Goslin

Keynesians enthusiastically point to government as the solution for the faltering recovery.

Patrick Barron

Each round of money printing eventually feeds back into the price system, creating demand for another round of money printing, and another, with each increase larger than the previous one. The law of diminishing marginal utility applies to money as it does to all goods and services.

Hunter Lewis

Janet Yellen celebrated her confirmation as Fed Chairman on January 6 by immediately issuing a carefully hedged prediction: “I am hopeful that the

John P. Cochran

The Bernanke Fed followed Keynes’s advice. The way to avoid a new slump is to keep interest rates low for as far as the eye can see as a way to overcome a lack of “animal sprits” and thus sustain a quasi-boom. As long as inflation is low, no harm, no foul. In fact, as the thinking goes, more inflation might be beneficial.