
Low Interest Rates Subsidize Wealthy Households
By Hal Snarr When the economy begins to sink into recession, politicians, mainstream economists, policy wonks, and the Federal Reserve begin beating the economic stimulus…
Read MoreBy Hal Snarr When the economy begins to sink into recession, politicians, mainstream economists, policy wonks, and the Federal Reserve begin beating the economic stimulus…
Read MoreLast week, both Janet Yellen of the Fed and Mark Carney of the Bank of England prepared financial markets for interest rate increases. The…
Read MoreIt is widely accepted that by means of suitable monetary policies the US central bank can navigate the economy towards a growth path of…
Read MoreWhat is the real interest rate? It is the nominal rate minus the inflation rate. This is a problematic idea. Let’s drill deeper into…
Read MoreDespite zero-interest-rate-policy (ZIRP) and multiple quantitative easing programs — whereby the central bank buys large quantities of assets while leaving interest rates at practically…
Read MoreI read this article by Andy Haldane. http://www.theguardian.com/business/2015/sep/18/interest-rates-rise-bank-of-england-chief-economist-andy-haldane I value certain things now more than I do in the future. I am…
Read MoreAccording to mainstream thinking the Central Bank is the key factor in determining interest rates. By setting short-term interest rates the Central Bank, it…
Read MoreI have to admit that I derive some pleasure in taking on hoary old myths. For example, some economists assert that the interest rate…
Read MoreBen Bernanke presided over the Federal Reserve for two terms, from 2006 through 2014. A year and half into his first term, he began…
Read MoreI have worked to keep this piece readable, and as brief as possible. My grave diagnosis demands the evidence and reasoning to support it….
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