Financial Markets

Displaying 11 - 20 of 755

Keynes and the Euthanasia of the Rentier

Financial MarketsCapital and Interest TheoryOther Schools of Thought

Blog04/04/2020

Over eighty years ago, Keynes condemned the rentier and welcomed his future disappearance. Following in his footsteps, politicians and central bankers today are ever closer to effectively bringing this about.

Read More

The Last Thing We Need Right Now Is Bernie's Proposed Tax on Financial Transactions

Financial Markets

Blog03/27/2020

Bernie Sanders wants a tax on financial transactions so that every trade brings a penalty. While this most directly affects big traders, regular people will not be immune to the effects.

Read More

The Fed Is a One-Trick Pony

Financial MarketsMonetary PolicyU.S. Economy

Blog03/19/2020

Printing up paper money—which is the Fed's solution to nearly everything—will not bring about a miraculous replacement of the lost goods and services or repair broken supply chains.

Read More

The Fed’s Massive Injection of "Liquidity" Also Benefits Uncle Sam

The FedFinancial MarketsMonetary Policy

Blog03/16/2020

By announcing that it is willing to throw up to $1.5 trillion in electronically created money in order to give three-month loans to those institutions that bought Treasury debt earlier, the Fed is bailing out not only the holders of Treasury debt, but also the Treasury itself.

Read More

The "Market Monetarists" and NGDP Targeting

Financial MarketsMonetary PolicyOther Schools of Thought

Blog03/10/2020

A relatively new challenge to the Austrian framework comes from the “market monetarists” and their endorsement of a central bank policy of “level targeting” of nominal gross domestic product.

Read More

Christine Lagarde’s New Vision for the ECB

Financial MarketsMoney and Banks

Blog03/04/2020

Although consensus building surely is an important and noble pursuit, one would think that it wouldn't really fall within the purview of a central bank president. It’s been clear for a long time that allowing politics to influence monetary policy carries significant and numerous risks.

Read More

The Fed Slashes Rates as Powell Declares Economy "Strong"

The FedFinancial MarketsMonetary Policy

Blog03/03/2020

Today's rate cut of 50 basis points is the largest rate cut since December 2008, in the midst of the aftermath of the financial crisis. But Chairman Powell insists the US economy is "strong."

Read More

Coronavirus: Central Banks Stand Ready with More "Stimulus"

Financial MarketsGlobal EconomyMonetary Policy

Blog03/03/2020

There are echoes of the 1973 oil shock in the current virus scare and resulting economic seize-up. Central banks are likely to respond similarly: with "stimulus" and inflation.

Read More

Is the Fed Ready for a Recession?

The FedFinancial MarketsMonetary Policy

Blog03/02/2020

By being so dovish for so long, the Fed has greatly limited what it can do in case of recession without resorting to untried and radical solutions like negative rates.

Read More

Money Supply Growth Climbs to 36-Month High

The FedFinancial MarketsMonetary PolicyMoney Supply

Blog02/28/2020

During January 2020, year-over-year (YOY) growth in the money supply was at 6.32 percent. That's up from December's rate of 5.53 percent, and up from January 2019's rate of 3.38 percent.

Read More
Shield icon library