Daily Archives: July 28, 2014

Inflation & the Federal Reserve

The chatter-media class has hit its note in unison, unemployment is down and inflation is rising.  Even though the recession ended in June ’09, the U.S. economy has been in negative territory since late 2008. How best to explain this? … Continue reading

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Yellen, the Economy & Macro-Prudential Conceit

Central Bankers throughout the U.S. have a real psychological problem, they can’t trust the data that animates the models they study.  This is why character remains the sole foundation for applied politics.  A Paul Volcker or Milton Friedman would not … Continue reading

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