Tag Archives: Entitlements

Taming Bond Market Vigilantes

The U.S. Federal Reserve has tamed bond vigilantes.  Because prices move inversely to bond yields, historically, active investors reacted to adverse monetary or fiscal policies by dumping bonds that consequently raise yields.  Because the FED was the only game in … Continue reading

Posted in Macro-economics, Macroeconomics, Uncategorized | Tagged , , | Leave a comment

Weak Currency: Weakened Prosperity

A great friend of mine recently admonished a competitor who exclaimed that the Dow Jones was rising!  His response was incisive:  what does it matter, the currency is shot!  His thinking was grounded in sound fiscal, macroeconomic policy that is … Continue reading

Posted in Conservatism, Money, Reagan | Tagged , , , ,