Tag Archives: Macroeconomics

The Democrats, The Wilderness & the Affinity Between Statism & U.S. Business

During a crisis, if one possesses a sufficient enough grasp of identity, you turn outward not inward.  When the Republican’s lose bad they return from the wilderness stronger; having profound moral, political sources, the Republican party hardly suffers from renewal … 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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Deflation: The New Normal.

Let’s face it, the world is getting dangerous, and those with wealth throughout the world are finding U.S. Treasuries.  Capital flows into the U.S. economy has appreciated the dollar.  This along with deflation is a very good sign for American … Continue reading

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The Ideological Drive Animating Policy Convictions Of F.O.M.C.

The Federal Open Market Committee (FOMC) is responsible for setting macroeconomic policy trends in consultation with its chairman.  Why is this significant?  Keynesian thought has overt socialist underpinnings that work at odds with market based trends.  The classic case is … Continue reading

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A New Tyranny: The Fatal Conceit of Macro-Prudential Policy

Let’s face it, the Federal Reserve is out of ammunition. By any standard, the world’s most powerful institution is impotent.  So is Congress, who punted immediately to the credentialed technocracy that is the ‘Fed.’ One can see it now, the … Continue reading

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Unemployment & Federal Reserve

It’s a shame the Federal Reserve still uses an ideological template (Phillips curve) to arrogate to itself a power that was discarded by Volcker and Reagan.  What both men proved was that there really NEVER was a trade off between … Continue reading

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China: Currency Wars & Liberalization

China is best studied geographically as an island cut off from the world, its geography constitutes a political, social challenge as Beijing begins its own tapering in hope of liberalizing central banking to the effect of moving its domestic economy … Continue reading

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Why There’s NO Inflation

Ok, let’s set the record straight:  you need two things for inflation.  You need to print money and you need monetary velocity (people spending). Question:  why is there no inflation? The answer just isn’t a lack of velocity.  The real … 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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Leszek Balcerowicz: Adam Smith Meets Karol Wojtyla

Matthew Kaminski interviewed a Polish intellectual recently, a man who has few peers.  His name is Leszek Balcerowicz (pronounced Lay-zek Bal-zero-witz).  What he has to say is significant for it points the way toward recognizing how Keynesian thought is a … Continue reading

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