Financial Markets

Displaying 1 - 10 of 771

Yes, QE Creates Wealth Effects

The FedFinancial MarketsMonetary Policy

Blog07/24/2020

According to Keynesians, wealth effects result from money creation, and they have a beneficial impact. The Keynesians are right that wealth effects exist. But they're wrong about who benefits.

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Gorging on Debt to Survive the COVID-19 Economy

Financial MarketsMonetary Policy

Blog07/22/2020

Our current position on debt seems to be akin to saying the only way to keep from drowning is pouring more water over the victim.

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Unlimited Government: Central Banks and Federal Spending during the Corona Crisis

Financial MarketsMonetary Policy

Blog07/14/2020

The average American has no memory of the gold standard or even the stagflation of the 1970s. The collective mindset is now the classic “kick the can down the road.”

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As the Fed Pumps, the Stock Market Is Increasingly the Only Game in Town

Financial Markets

Blog06/27/2020

In the midst of a stock market bubble like this one, everyone from Warren Buffet down to the shoeshine boy has some great tips for you.

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Central Bankers Will Bring Us Economic Stagnation

Financial MarketsGlobal EconomyMoney and Banks

Blog06/22/2020

Central bank policies that rely on ultralow interest rates have been shown to bring economic stagnation. Unfortunately, central bankers don't seem to have any other ideas.

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After the Lockdowns, Government "Fixes" for the Economy Will Make Things Even Worse

InflationFinancial MarketsU.S. History

Blog06/20/2020

Like during the 1930s, governments are turning to new programs and schemes that will only prolong the crisis and makes things worse.

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There's No End in Sight to the Zombie Economy

Financial Markets

Blog06/01/2020

Put simply, if it were not for accommodative monetary policy, these firms would have otherwise shut down by now. Once again, the Fed is refusing to allow the invisible hand to rein in the excess for fear of a liquidity crisis, credit crunch, and worse.

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A Global Race to the Bottom: How Central Banks Are Responding to the COVID Crisis

Booms and BustsFinancial MarketsMonetary Policy

Blog05/21/2020

Now, more than ever, we're in uncharted waters when it comes to central banks and monetary policy. Economist Brendan Brown takes a look at where we are and what the future might hold for central banks' race to the bottom.

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We’re All in This Together. But Not in the Way You Think.

CapitalismFinancial MarketsMedia and Culture

Blog05/20/2020

Some claim "the rich" will be fine—or even better off—after the COVID panic destroys the economy for most of us. But there's a problem: the wealthy depend heavily on an economy fueled by the production and consumption of all workers and entrepreneurs.

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Can Monopoly Money Save the Stock Market? Or Will It Buy Stagnation?

Financial MarketsMonetary Policy

Blog05/12/2020

Rather than spurring real economic gains, the Federal Reserve’s unorthodox QE program has supported and extended the debt grid and generated asset exuberance. But this can only go on as long as there's capacity for more debt.

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