Monetary Policy

Displaying 81 - 90 of 178

Could the Coronavirus Be Fatal for the EU?

Decentralization and SecessionGlobal EconomyMonetary Policy

Blog03/16/2020

As the nation-states take the brunt of their economic collapses on the chin, they will begin to realise that the EU superstate is little more than an obstructive and costly irrelevance.

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Modern Monetary Theory Is an Old Marxist Idea

Monetary PolicyMoney and BanksSocialism

Blog03/12/2020

Modern monetary theory (MMT) conveniently facilitates dangerous policies and ideas that seemed unrealistic, like universal basic income and “helicopter money,” and that have been particularly propagated by government-sponsored economists for the past few years. 

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The Coronavirus Won't Be the Cause of the Next Bust, but It Will Make It Worse

Booms and BustsMonetary Policy

Blog03/12/2020

Although shocks can disrupt the pace of economic activity, they have nothing to do with the phenomenon of recurrent boom-bust cycles. The cycle requires something more. A central bank, for instance.

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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.

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What Comes after Quantitative Easing?

Booms and BustsInflationMonetary Policy

Blog03/09/2020

What we observe today is a desperate fight against deflation. We know that this situation is unsustainable, but we do not know to which side the balloon will fall.

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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."

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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.

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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.

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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.

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Fed-Driven Asset Price Inflation Means You Can Now Buy Less House Than You Could Before

Booms and BustsInflationMonetary Policy

Blog02/27/2020

Central banks are driving asset price inflation in stocks and real estate. That means people holding those assets get richer. But everyone else just gets higher prices.

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