Macro Musings Blog
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Wednesday, October 21, 2015
No, the Fed Did Not Enable Large Budget Deficits--You Did!
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As a follow up to my last post , I want to repeat a point I have made before . Not only is the Fed not responsible for the low interest rat...
10 comments:
Monday, October 19, 2015
A Plea to My Fellow Free Marketers
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As a free-market loving individual, it pains me to see so many of my fellow travelers claim the Fed has artificially suppressed interest ra...
19 comments:
Monday, October 12, 2015
People's QE Has Been Tried Before and Failed
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I am seeing more and more people get excited about "People's QE", the brainchild of UK labor party leader Jeremy Corbyn. For ...
17 comments:
Friday, October 9, 2015
The Courage to Act in 2008
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Ben Bernanke's memoir is now out and is unapologetically pro-Fed. It is titled " The Courage to Act " Here is the cover quote...
3 comments:
Wednesday, September 30, 2015
Doubling Down on Abenomics
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So it appears the Bank of Japan (BoJ) had already doubled down on Abenomics before the prime minister announced a new NGDP level target . I...
8 comments:
Monday, September 28, 2015
How Practical is Japan's New NGDP Target?
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So Japan's Prime Minister Shinzo Abe has decided to adopt a NGDP level target : Formally re-elected head of the ruling party, Prime M...
14 comments:
Tuesday, September 22, 2015
Ad Hoc Monetary Policy Redux
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The Cato Institute for Monetary and Financial Alternatives asked me to write a brief response to the last FOMC decision. It is now up at the...
2 comments:
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