Kevin Dowd: Against Monetary Stimulus
Kevin Dowd explains how policies like negative interest rates not only reflect bad economic thinking, but also pose a danger to the civil liberties.
Kevin Dowd explains how policies like negative interest rates not only reflect bad economic thinking, but also pose a danger to the civil liberties.
Neither the Fed nor the government can grow the economy. They can only redistribute real wealth.
Here are two ways to gauge the strength of the world economy.
When the Fed began paying interest on bank reserves, it kept a lid on inflation. But now there's no easy way out.