Any margin artificially created by the Fed looms as a huge opportunity for market actors with real access to credit. Continue reading on Forbes.
If Jerome Powell Is Wrong, Markets Will Correct His Mistakes Read More »
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 on Forbes.
Kevin Warsh Will Be Just Like Powell, Yellen, Bernanke, and… Read More »
Conservatives and libertarians talk rhapsodically about markets, while sometimes ignoring the market signals that reject their occasional alarmism. Which is why Montgomery College economics professor David Youngberg shouldn’t be singled out for predicting a debt crisis. Most conservatives and libertarians do. In Youngberg’s case, hopefully he’ll see this critique for what it is: a push
If a Debt Crisis Loomed, There Would Be No Federal Borrowing Read More »
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.
The Fed Isn’t Independent, It Never Was, and It Doesn’t Matter Read More »
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.
If You’re Thinking Abt. Fed, Your Mind Is Wandering Aimlessly Read More »
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.
Warsh Will Soon Realize That Powell Was Never Vy. Powerful Read More »
There was nothing “financial” about the so-called “2008 financial crisis.” Markets quite simply ARE. They’re neither left nor right, nor are they biased toward one Party or another. They just tell the truth which, by its very description, is never the stuff of “crisis.” What’s been said rates prominent mention right now with President
They’re Not Talking About What Makes Kevin Warsh Worrisome Read More »
Forgotten by PhD types eager to elevate their economic intelligence by denigrating Trump’s is that frequently they reveal their own limitations while explaining Trump’s… Continue reading on Forbes.
Why Is Trump the Only Villain In Chair Powell’s Investigation? Read More »
The Federal Reserve is a full employment act for economists, both inside the central bank and outside of it. Please keep this in mind amid all the debates about what the Fed will do, how independent it is or not, along with its alleged meaning of the economic outlook… Continue reading on Forbes.
The Fed Was Never Steering the Ship. Evidence? The Growth Read More »
“Increased cash flow allowed TCI to borrow more money and pay higher total interest costs on it, which we used to buy still more cable systems.” That’s how cable television visionary John Malone described TCI’s evolution from light borrower into a substantial one in his excellent memoir, Born To Be Wired. As TCI’s present and
Historians Will Mock ‘Money Supply,’ Fed Funds, Fed Watching Read More »
