Charles Plosser, Our Man on the Fed?
He has been saying things that sound surprisingly Austrian in regards to the limits of monetary policy.
He has been saying things that sound surprisingly Austrian in regards to the limits of monetary policy.
Firms have lots of cash on their balance sheet and it's not earning anything. What to do? Buy the competition.
If Bernanke has to choose between saving rich bankers or the dollar, I am confident he will choose the former. We have good reason to expect rising prices and no dramatic efforts to reverse course.
The Mises Circle in Houston, Texas. Sponsored by Jeremy S. Davis. Recorded 22 January 2011. Includes a Question-and-Answer period.
The Mises Circle in Houston, Texas. Sponsored by Jeremy S. Davis. Recorded 22 January 2011.
The Federal Reserve Chairman, Bernanke, calls a fall in purchasing power of the dollar by over 95% stable. Interest rates have been pushed to zero. Continual inflation is deliberate and designed. Bernanke pretends he knows what he is doing.
According to David Beckworth, the problem with our economy is that people aren't spending enough. This simple idea is very powerful; it permeates our financial press when they wring their hands and wonder if "the consumer" will buy enough to fix the economy.