Auditing the Fed Is Now More Important than Ever
byBy Jonathan Newman Last week, the House Committee on Oversight and Government Reform approved a bill submitted by Thomas Massie (R-KY) to allow Congress to…
Economics
‘Nowhere To Go But Up’ Survives Because The Fed Refuses To Be Honest About Its Assessment of the Output Gap
byby Jeffrey P. Snider The Federal Reserve under Ben Bernanke committed several unforgivable mistakes during his tumultuous tenure, but cumulatively they could be easily…
Trump’s Economic Warfare Targets Innocent Bystanders
byAn often forgotten truth is that it is not just military warfare that can cause injury to innocent bystanders, the same inescapably happens in…
Yellen’s Balance Sheet Baloney
byBy 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…
Zero Hedge: Two Fed Presidents Warn Markets Getting “Frothy”, Valuations “May Come Down”
byIn what was the clearest sign to date that the Fed is targeting the stock market bubble with its rate hikes (recall two weeks…
For Keynesians and Austrians, “Uncertainty” Means Two Different Things
byBy 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…
Should diversification be primary consideration in asset allocations?
byRecently one of the most successful Wall Street investors Warren Buffet urged investors to forget about active investment and simply put their money into…
How macro-economic data helps Government and Central Bank weaken wealth formation
byIt is common for commentators and economists in their discussions to continuously refer to something called the “economy” – which sometimes performs well and…
Jeffrey P. Snider: Further Unanchoring Is Not Strictly About Inflation
byAccording to Alan Greenspan in a speech delivered at Stanford University in September 1997, monetary policy in the United States had been shed of…
Penny wise and pound foolish ?
by“Sir, “Most of the commentary in the UK press since the announcement of the “merger” of Standard Life with Aberdeen has focused on job…