The Problem Isn’t Warsh Vs Bessent, It’s PhD Confusion About Inflation
Kevin Warsh can hardly complain about what Scott Bessent is doing, other than if he rightly disdains the weak, inflationary dollar that Bessent is pursuing.
Read
Essays
Writing by John Tamny and Parkview contributors, from the latest commentary to the collected archive.
110 essays · Newest first
Clear filters
The Fed Can Do Nothing About Market Prices That Are Always Transitory
The cost of a call in a telephone booth long ago dropped to zero. Should we give Fed officials a pat on the back for their brilliant market interventions of the ‘monetary policy’ variety on the way…
There’s Quite Simply No Such Thing As ‘Monetary Accommodation’
In a more just world, Milton Friedman’s monetarism would be described as a monetary variation of Keynesianism… Continue reading on Forbes.
Kevin Warsh And Christopher Waller Are Incorrect For Different Reasons
What Waller should have said is that central plans don’t become wiser the more experts you add to the team of central planners… Continue reading on Forbes.
Is Kevin Warsh’s Silence the Beginning of the End for the Fed?
Implied in the silence is what’s true, that the Fed isn’t necessary… Continue reading on Forbes.
The Preposterous Notion Of So-Called “Fed Independence”
The scholarly class must cease their pretense about the impossibility of “Fed independence.” They want no such thing… Continue reading on Forbes.
Warsh Must Explain That The Fed Simply Can’t Fight Inflation
The Fed couldn’t fight what economists incorrectly deem inflation even if it wanted to… Continue reading on Forbes.
In Elon Musk’s Success We Can See the Absurdity of the Attacks On Alan Greenspan
It “was a hard company to keep alive.” That’s how Elon Musk described the rise of PayPal. Musk’s fortune is an effect of him creating companies that investors didn’t think amazing. With Tesla, SpaceX…
Neither a Genius Nor a Villain, Greenspan Was Simply Human
A willingness to accept the “Maestro” bouquets errantly thrown his way ultimately became his burden… Continue reading on Forbes.
Kevin Warsh, The Fed, & the Soft Bigotry Of Low Expectations
Patting a Fed Chair on the head for knowing what’s obvious… Continue reading on Forbes.
The Fed In No Way Enables Federal Government Expansion
The Fed is the proverbial potted plant, not an enabler… Continue reading on Forbes.
“Monetarism”: Confirmation Economists Never Got The Joke
Monetarism recalls the Five Year Plans of the old Soviet Union… Continue reading Forbes.
Donald Trump Vs. Jerome Powell: Keynesian Vs. Keynesian
All loans are production in return for production always and everywhere created in the private sector… Continue reading on Forbes.
Fed As Inflation Fighter Is Rooted In Phillips Curve Mysticism
What the Federal Reserve does has nothing to do with inflation. The central bank is not the source of the hyperinflation that Mises disciples (this is a shame simply because Mises himself was…
Aren’t We Making Too Big a Deal About Fed’s Balance Sheet?
The Fed was buying what others would have bought absent the Fed. Which means disposal of its assets won’t be fraught… Continue reading on Forbes.
The Problem With Kevin Warsh Isn’t His Wealth, It’s His Wealth
The post-Fed meaning of the Fed… Continue reading on Forbes.
Private Credit Also Couldn’t Care Less About Federal Reserve
No amount of Fed fiddling can keep credit away from production… Continue reading on Forbes.
Strait of Hormuz Could Not Care Less About Federal Reserve
On the matter of market prices, the Fed just doesn’t matter… Continue reading on Forbes.
Nvidia Is Credit Personified, While the Fed Is But a Distraction
The Fed can’t suffocate credit booms, nor can it instigate them. Continue reading on Forbes.
If Jerome Powell Is Wrong, Markets Will Correct His Mistakes
Any margin artificially created by the Fed looms as a huge opportunity for market actors with real access to credit. Continue reading on Forbes.
Kevin Warsh Will Be Just Like Powell, Yellen, Bernanke, and…
Low interest rates aren’t decreed by central planners to the economy’s betterment, rather they’re an effect of productive economic activity of the kind that rates low interest loans… Continue reading…
The Fed Isn’t Independent, It Never Was, and It Doesn’t Matter
There’s production and nothing else, with government spending, government borrowing, money in circulation, and interest rate levels an effect of the production… Continue reading on Forbes.
If You’re Thinking Abt. Fed, Your Mind Is Wandering Aimlessly
Credit is produced by lender and borrower, and has nothing to do with the Fed funds rate or so-called “money supply.” Continue reading on Forbes.
Warsh Will Soon Realize That Powell Was Never Vy. Powerful
The central bank is just not that important. We insult the U.S. economic engine when we pretend that it is. Continue reading on Forbes.