Tag Archives: Friedman

The House Hits Yellen: FRAT & Taylor Rule

The Federal Reserve Accountability and Transparency Act (F.R.A.T.) is a bill in the House of Representatives that seeks to have the Federal Reserve pursue its policy objectives using a formula advocated by Milton Friedman some 50 years ago.  Although Dr. … 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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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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