The Fed
The Fed: Part of the Solution or Part of the Problem?
James Hamilton (an econ professor at UCSD) recently discussed the Taylor
The Party is Over - Again
Granted, many of us have benefited from this era of "easy money," but that is going to change. Indeed, the party is over, the lights are out, and I don't know when they will be turned on again.
What We Need is More Economic Ignorance
A bizarre letter to the editor in the Business section of the Boston Globe:
Reality vs. the State
A solid gold standard in which every dime spent had to come from an existing stock of money would shatter the whole system. Is it any wonder that this is the last subject politicians want to talk about?
The Fed Bought What?
Unfortunately, by buying up MBS and propping up the market the Fed will only cause more harm than it already has.
A Falling Dollar, After All
It is hard to avoid the conclusion that the dollar could be ready for another beating.
The Fed’s Job Description
The Fed shall work to counter business cycles, stabilize the banking system against shocks, and print billions of dollars so as to keep stock marke
The Gold Problem
The result of the governments' and the unions' meddling with the height of wage rates cannot be anything else than an incessant increase in the number of unemployed.
