Monetary policy (page 4)

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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
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    New Carolina Journal Online features

    Carolina Journal Online reports on its three new awards from the N.C. Press Association. Roy Cordato’s Daily Journal explains why too much money — not too much economic growth — causes inflation.
    Mitch Kokai, February 23, 2018
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    Forbes identifies two key economic challenges

    Steve Forbes devotes his latest Forbes magazine column to a pair of obstacles that threaten economic growth. TWO BIG THINGS threaten the improving U.S. economy: a weak dollar and trade protectionism. Both routinely seduce policymakers, and both always result in bitter aftermaths with terrible political consequences. Yet some…
    Mitch Kokai, February 19, 2018
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    Summarizing Fed concerns

    Randall Forsyth of Barron’s considers the economic data driving decisions at the Federal Reserve. Central bankers today seem to be equally scared of a chimera—inflation that stubbornly refuses to rise to their desired 2% level. Federal Reserve Chair Janet Yellen, for instance, has described persistent, sub-2% inflation as…
    Mitch Kokai, November 27, 2017
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    Forbes urges a rethinking of the Fed

    Steve Forbes‘ latest Forbes magazine column explains how a leadership change at the Federal Reserve could lead to helpful changes. THE APPOINTMENT of a new Federal Reserve chairman should trigger a thorough and badly needed examination of that institution’s purposes and the principles on which it bases its…
    Mitch Kokai, November 24, 2017