Monetary policy (page 3)

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    Barron’s notes growing indifference to growing deficits

    Randall Forsyth of Barron’s documents a disturbing trend for deficit hawks. [T]he administration of President Donald Trump, the self-described “king of debt,” is running a budget deficit at an annual rate of $1 trillion, or nearly 5% of gross domestic product, in part because of a huge tax…
    Mitch Kokai, March 4, 2019
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    Forbes ponders the euro’s 20th anniversary

    Steve Forbes uses his latest Forbes magazine column to puncture myths about the common European currency. Since 2008, the EU has been beset by economic crises that have dulled any luster the new currency had. Too bad. Had Europeans understood the proper principles of monetary policy, the euro…
    Mitch Kokai, February 18, 2019
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    A warning about an ‘oblivious’ Fed

    Avi Tiomkin writes for Barron’s that the head of the Federal Reserve appears to be following regrettable precedents. The Federal Reserve recently suggested that it was finished raising interest rates for now, and might even stop shrinking its post-financial-crisis balance sheet sooner than expected. Even so, in delivering…
    Mitch Kokai, February 18, 2019
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    Forbes issues warning about weak dollar

    Steve Forbes argues in the latest Forbes magazine that conditions leading to the 2008 economic downturn have not been resolved adequately. COUNTLESS COMMENTARIES and articles are marking the tenth anniversary of the panic of 2008. Yet almost all ignore the root cause of the crisis: a weak dollar.
    Mitch Kokai, October 17, 2018
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    A poor combination of public indifference and expert hubris

    Jay Cost of National Review Online identifies a key problem in our system of government. This is one of the big weak spots in republican governments in modern, integrated economies. The people are often not reliable tribunes of wisdom and farsightedness when it comes to the nation’s finances.
    Mitch Kokai, August 28, 2018
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    Trump and the history of Fed bashing

    Randall Forsyth of Barron’s places President Trump’s recent criticism of Federal Reserve policy in historical perspective. Trump’s Fed bashing went against recent administrations’ policy of maintaining respect for the central bank’s independence. But it was consistent with his inclination to criticize the Fed when he thought it wasn’t…
    Mitch Kokai, July 23, 2018
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    Forbes pans new Fed head

    Steve Forbes explains in the latest Forbes magazine why he’s unimpressed with the new chairman of the Federal Reserve. THE FEDERAL RESERVE’S new chairman, Jerome Powell, recently presided over his first meeting of the Federal Open Market Committee, which sets central bank policy, most particularly the level of…
    Mitch Kokai, April 16, 2018
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    This weekend on Carolina Journal Radio

    Lawmakers interested in improving rural access to health care should consider loosening restrictions on nurse practitioners. Katherine Restrepo explains why during the next edition of Carolina Journal Radio. Roy Cordato rebuts the faulty argument that increased economic growth is bound to produce inflation. George Mason University law…
    Mitch Kokai, March 2, 2018