Monetary policy (page 2)

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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
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    Barron’s columnist pokes fun at recent investments

    Jack Hough of Barron’s seeks an outrageous scheme to lure potential investors. Interest rates are falling, growth is scarce, and there is a glut of investment dollars. That means Wall Street is setting up perfectly for a flight to nonsense. I need a disruptive business plan in a…
    Mitch Kokai, April 8, 2019
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    Business-casual central banking

    Jim Grant writes at Barron’s about an increasingly casual approach to monetary policy. In finance today, comfort trumps propriety. As necks are tieless, so are earnings “adjusted.” As shirts are untucked, so are balance sheets encumbered. In the 21st century way of doing business, freedom of action is…
    Mitch Kokai, April 1, 2019
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    Fund defends Trump’s Fed nominee

    John Fund of National Review Online ponders the criticism of President Trump’s nominee to join the Federal Reserve Board. The Washington policy guild often operates like a medieval guild in its effort to screen out “ignorant” heretics who hold disruptive ideas. Just look at their hysterical overreaction to…
    Mitch Kokai, March 26, 2019
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    Fed’s policy prompts concerns

    James Grant shares with Barron’s readers his concerns about current thinking among Federal Reserve leaders, including Vice Chairman Richard Clarida. Clarida acknowledged no doubts. He said that radical monetary policy has worked, that it will continue to work, and that it may well become more radical. He contended…
    Mitch Kokai, March 4, 2019