Tag Archives: Federal Reserve

Weakened Case For Higher Interest Rates: the Flattening Yield Curve

The canard of secular stagnation was laughable, especially given the credentialed gnomes belief in demand sided macro thought.  No measure is ever given to the antecedents of our Constitutional Republic, its constitutive bases in civil society, in spheres of autonomy … Continue reading

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Hardly a Balkanized Federal Reserve

Let’s get power relations straight.  The Federal Reserve is a powerful, even a transnational power.  It is arguably the single most powerful institution on the planet.  It TOO can be defeated, weakened, and brought down.  The impact of weak purchasing … Continue reading

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China’s Currency Peg: What Does It Mean?

There are several nation states now pegging their currency to the reserve currency that is the U.S. dollar, several nations have sought to drop indigenous currencies and simply adopt the dollar like Ecuador.  Inefficiencies remain but longterm you arrive at … Continue reading

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Federal Reserve: Out of Ammo, AGAIN.

Myths die hard in America.  So it goes with the idea of the ‘Phillips Curve’ and the belief that an institution can control both labor market activity and inflation simultaneously.  Even though Reagan & Volcker killed this ideological behemoth, the … Continue reading

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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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Getting Govmint to work: the agenda

The nauseating retort regarding American institutional leaders at the Executive & the Fed’s inability to ‘stimulate’ growth isn’t news to monetarists.  I’ve written at length in this blog of the intemperate ideologues incessant misplaced belief in the power of technocracy. … Continue reading

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Smack Down @ Team Federal Reserve

We really shouldn’t believe for a moment that the affinity which compels most economists to join Keynesian “Kraft” in D.C. is benevolent leadership.  Keynes’ own Fabian beliefs notwithstanding, do we really need at this critical juncture in our Nations history, … Continue reading

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John Cochrane: the Omnipotent Federal Reserve

I’ve been indebted to Dr. Cochrane for decades.  Working out of the Hoover Institution, CATO Institute and the University of Chicago Booth School of Business, he remains along with John Taylor, Allan Meltzer the finest minds understanding what’s gone awry … Continue reading

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Of Feral Hogs & Wild Turkey: The Federal Reserve and the Search for Yield

Everyone invested in the Wall Street is worried that the Federal Reserve will finally take away the punch bowl.  Buzz Ben made such statements recently to the effect of scaring the market.   Can this be made sense of? First … Continue reading

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