If The Fed Is Always Wrong How Can Its Policies Ever Be Right?
byOne of the most curiously persistent surrealisms of Washington, DC is the reflexive deference given the Federal Reserve System. The Washington elite tends to…
August, 2015
Who the Heck Consumes His Capital?!
byI have been writing about consumption of capital, using the example of a farmer who sells off his farm to buy groceries. It’s a…
China chooses her weapons
byChina’s recent mini-devaluations had less to do with her mounting economic challenges, and more to do with a statement from the IMF on 4…
Snider: The FOMC Gets Slower Still
bySource: http://www.alhambrapartners.com/2015/08/18/the-fomc-gets-slower-still/ Looking back now, January was such a weird month. You had, on the one hand, the barely restrained giddiness of the mainstream…
Keeping the Bubble-Boom Going
byThe US Federal Reserve is playing with the idea of raising interest rates, possibly as early as September this year. After a six-year period…
#JacksonHoleSummit press release from American Principles Project
by[Editor’s Note: this is for the event later this week. Please spread the word using hashtag #JacksonHoleSummit on Twitter] Leading Center-Right Groups to…
The Cobden Centre is attending the #JacksonHoleSummit
byThe Cobden Centre will be attending The Jackson Hole Summit in Wyoming this week timed to happen alongside the Federal Reserve’s annual symposium there….
Zero Hedge: After 6 Years Of QE, And A $4.5 Trillion Balance Sheet, St. Louis Fed Admits QE Was A Mistake
bySource: http://www.zerohedge.com/news/2015-08-19/after-6-years-qe-and-45-trillion-balance-sheet-st-louis-fed-admits-qe-was-mistake As you’re no doubt aware, the Fed is fond of using the research departments at its various branches to validate policy and…
Will China’s currency depreciation help the economy?
byLast week the Chinese government decided to depreciate its currency on three consecutive occasions. On Thursday the price of the US$ was trading at…
Reserve Judgement
byWith regard to the vexed issue of the renminbi, let’s focus on the basics. The official response to July’s stock market collapse saw loans…