The Fed’s Balance Sheet May Be Headed to $40–$50 Trillion
byPresident Trump has said often that he had “created the greatest economy the world has ever seen, until the China virus came.” Maybe some…
Federal Reserve
Step-change at the Fed – Reaching for the stars
byThe Federal Reserve has changed the emphasis of their dual mandate Inflation targeting will become more flexible in the long-run Full employment has…
An interesting animation on Rothbard’s theory of the Great Depression
byThis is well worth watching and nicely animates the analysis in Rothbard’s classic “America’s Great Depression”. https://www.youtube.com/watch?v=b0SW3BgwL14
Why the US Economy Is Stronger Than the Eurozone’s
byThe United States is showing resiliency and strength compared with other leading economies worldwide. The impact of the covid-19 forced shutdown crisis is lower in the United States…
Nomination for the Board of Governors of the Federal Reserve
byWe read the news today that Judy Shelton has been approved by the Senate Banking Committee. This means that the full Senate can vote…
Money Supply Growth in May Again Surges to an All-Time High
byMoney supply growth surged to another all-time high in May, following April’s all-time high that came in the wake of unprecedented quantitative easing, central…
The Chain Reaction Is Now In Process
byMuch has been written about the economic consequences of Covid-19, yet, just as in many of the analyses of the Great Depression and the…
The Fed and asset bubbles
byIn his speech on April 7 2010 at the Economic Club of New York the President of the New York Fed, William Dudley argued…
Stockman: Now It Begins—America’s State Wreck Gathers Steam, Part 1
byNow it begins. They bought the February 8th dip just like the previous 40 odd plungelets in the stock averages since the March 2009 bottom, expecting another…
Stockman: Good Riddance! How “Opioid Janet” Got Wall Street Hooked On Monetary Heroin, Part 2
byJanet Yellen deserves exactly none of the adulation being conferred upon her tenure by the mainstream financial press. In fact, her reign will be judged…