Monetary policy (page 2)

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    A proposal that could lessen emphasis on the Fed

    Matthew Klein of Barron’s asks a simple question about future action from the Federal Reserve. Every six or seven weeks, the members of the Federal Reserve’s Open Market Committee gather to discuss the economic outlook and financial conditions, after which they vote on the appropriate setting of monetary…
    Mitch Kokai, July 29, 2019
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    Boris Johnson and the Fed

    James Langford of the Washington Examiner reports that the new British prime minister could have an impact on the American central bank. Boris Johnson promised the day after his ascension to prime minister that he could negotiate a better deal for Britain’s departure from the European Union than…
    Mitch Kokai, July 26, 2019
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    Barron’s columnist pushes back against Ph.D.-nomics

    Jim Grant of Barron’s explains why he’s no fan of monetary policy set by a room full of Ph.D.’s. Ben Bernanke, a Ph.D. in economics from the Massachusetts Institute of Technology, put in a word for the soothsaying guild in 2010: “I would say that the recent financial…
    Mitch Kokai, July 22, 2019
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    Hamilton and today’s debt

    Jim Grant argues in the latest Barron’s that the nation’s first Treasury secretary would object to the current state of federal government debt. Nobody cares about the deteriorating federal finances, but who doesn’t adore Hamilton? Logically, you can hardly ignore the deficit, while paying as much as $1,691…
    Mitch Kokai, June 24, 2019
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    Monetary policy, taxation, and power

    Steve Forbes focuses in Forbes magazine on the links between money and power. Historians and pundits routinely overlook the fundamental importance of monetary policy and taxation in the rise and fall of great powers. They churn out countless books on strategy, growing or declining economic strength, weapons systems,…
    Mitch Kokai, June 17, 2019
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    Steve Moore and the Fed

    Colin Wilhelm of the Washington Examiner highlights the latest developments in Steve Moore’s bid to join the Federal Reserve board. Conservative economic commentator and political activist Stephen Moore faces a tough battle for confirmation to the Federal Reserve’s Board of Governors due in part to controversies around his…
    Mitch Kokai, May 3, 2019
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    Forbes pans central bankers

    Steve Forbes‘ latest contribution to Forbes magazine faults central bankers for their “insolvent thinking.” THE UTTER INTELLECTUAL bankruptcy of most modern economic policymakers was starkly displayed when European Central Bank boss Mario Draghi recently and unexpectedly announced that the ECB would be making a new round of cheap…
    Mitch Kokai, April 15, 2019
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    The savers’ lament

    Jim Grant writes for Barron’s about the impact of a decade-long Fed policy of suppressing interest rates. Medically speaking, low interest rates are disinhibitors. They stir the blood, liberate the imagination, and quiet the still small voice of reason that can’t seem to get a word in edgewise.
    Mitch Kokai, April 15, 2019