Throwing Printed Money at This Problem Won’t Make It Go Away
The crisis we faced in 2008 has not gone away, as we failed to heed its warning to change course and reduce debt levels. Instead, it has become bigger and more dangerous.
Financial Markets
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Swamponomics: Trump’s Fed Pick, a Kodak Moment, and GDP Misinformation
Kodak's newly announced $765 million loan is just another case of DC picking winners and losers.
Yes, QE Creates Wealth Effects
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.
Gorging on Debt to Survive the COVID-19 Economy
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.
Yes, QE Creates Wealth Effects
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.
Gorging on Debt to Survive the COVID-19 Economy
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.
Stocks Always Go Up. Until They Don’t.
When confidence is extreme, there's no scrutiny. There's always a "this time it's different" mindset, the belief that anything is possible.
Unlimited Government: Central Banks and Federal Spending during the Corona Crisis
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.”
As the Fed Pumps, the Stock Market Is Increasingly the Only Game in Town
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.
