Blame the Fed for Both the Inflationary Boom and the Inevitable Bust
Powell isn't a villain for pulling his foot off the money-creation accelerator a little. No, Powell's villainy stems from his role in helping create the boom in the first place.
Money and Banks
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Germany Can Save Itself, and Possibly the World, by Abandoning Four Failed Policies
Germany's foray into green energy is turning out to be a disaster, but abandoning the green utopia is only the first stage for that country. It is time to put common sense and sound economics at the forefront of German policy making.
The Fed Is Making It Up as It Goes, So It Ditched Forward Guidance
Powell said that moving forward "we think it's time to just go to a meeting by meeting basis." Translation: "Things might go even more off the rails at any time, so let’s just play it by ear."
GDP Shrinks Again as Biden Quibbles over the Definition of “Recession”
The state of the economy is not good. Powell knows it. Yellen knows it. Most people in the real world know it.
Like the Fed, the ECB Is Still a Long Way from “Normal” Monetary Policy
It's going to take more than a 0 percent policy interest rate and a newly invented name for QE to really address years of monetary inflation.
The Fed Is Making It Up as It Goes, So It Ditched Forward Guidance
Powell said that moving forward "we think it's time to just go to a meeting by meeting basis." Translation: "Things might go even more off the rails at any time, so let’s just play it by ear."
Inflation Hits 9.1 Percent after Months of Empty Talk at the Fed
June was the fifteenth month in a row during which price inflation outpaced earnings growth. June's gap is also among the biggest we've seen in decades.
Like the Fed, the ECB Is Still a Long Way from “Normal” Monetary Policy
It's going to take more than a 0 percent policy interest rate and a newly invented name for QE to really address years of monetary inflation.
Inflation Hits 9.1 Percent after Months of Empty Talk at the Fed
June was the fifteenth month in a row during which price inflation outpaced earnings growth. June's gap is also among the biggest we've seen in decades.
Here We Go Again: The Fed Is Causing Another Recession
The relative lack of inflation in Japan doesn't mean real wages haven't fallen.
