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‘Nowhere To Go But Up’ Survives Because The Fed Refuses To Be Honest About Its Assessment of the Output Gap
Economics5 April 17<5 April 17

‘Nowhere To Go But Up’ Survives Because The Fed Refuses To Be Honest About Its Assessment of the Output Gap

by Jeffrey P. Snider The Federal Reserve under Ben Bernanke committed several unforgivable mistakes during his tumultuous tenure, but cumulatively they could be easily…

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Economics3 April 17<3 April 17

Yellen’s Balance Sheet Baloney

By George Selgin Of the many questions reporters asked Janet Yellen on Wednesday, at her press conference following the FOMC’s decision to raise the Fed’s policy…

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Zero Hedge: Two Fed Presidents Warn Markets Getting “Frothy”, Valuations “May Come Down”
Economics31 March 17<30 March 17

Zero Hedge: Two Fed Presidents Warn Markets Getting “Frothy”, Valuations “May Come Down”

In what was the clearest sign to date that the Fed is targeting the stock market bubble with its rate hikes (recall two weeks…

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Economics30 March 17<30 March 17

For Keynesians and Austrians, “Uncertainty” Means Two Different Things

By G. P. Manish and Felicia Cowley Keynesian economics has witnessed a remarkable resurgence since the crisis of 2008. The inability of mainstream economics to predict or…

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Jeffrey P. Snider: Further Unanchoring Is Not Strictly About Inflation
Economics22 March 17<20 March 17

Jeffrey P. Snider: Further Unanchoring Is Not Strictly About Inflation

According to Alan Greenspan in a speech delivered at Stanford University in September 1997, monetary policy in the United States had been shed of…

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Economics8 March 17<7 March 17

Can Yellen Keep the Boom Going?

By Brendan Brown Yellen, like notorious previous Fed chiefs including Strong, Martin, and Greenspan, can now claim success in having prolonged and strengthened an asset…

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Zero Hedge: China Accounts For Half Of All Global Debt Created Since 2005: Here Are The Implications
Economics3 March 17<1 March 17

Zero Hedge: China Accounts For Half Of All Global Debt Created Since 2005: Here Are The Implications

Over three years ago, in November 2013, when the world’s attention was still largely focused on what the “Big 4” central banks would do…

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Free Trade16 February 17<15 February 17

Michael Tomlinson MP: Brexit is the greatest opportunity for free trade and prosperity since the repeal of the Corn Laws

Michael Tomlinson is Deputy Chairman of the European Research Group (ERG), and is MP for Mid Dorset and North Poole. I grant you that…

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Benn Steil: Of Debt and Detriment
Economics10 February 17<7 February 17

Benn Steil: Of Debt and Detriment

It is the exorbitant privilege of the United States that it can conjure the world’s primary reserve currency, Valéry Giscard d’Estaing, then French finance…

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Politics6 February 17<6 February 17

Joseph Y. Calhoun: Pump It Up

She’s been a bad girl. She’s like a chemical. Though you try to stop it, she’s like a narcotic. You wanna torture her. You…

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