Bonds and banks
byThis year has seen some big losses develop in the bond markets, though prices have stabilised in recent days. The chart above is of…
Janet Yellen
Markets, Not Janet Yellen, Should Set Interest Rates
byFinancial markets in the United States and around the world are all waiting with “bated breath” for when the Federal Reserve modifies its “easy…
Janet Yellen’s Historic Meeting With The Right
byAt CPAC, recently, an estimated 10,000 conservatives and libertarians, together with many presidential aspirants, gathered across the Potomac. They did so amidst massive hoopla…
Janet Yellen, Politicizing the Fed?
byJanet Yellen gave a widely noted speech, Perspectives on Inequality and Opportunity from the Survey of Consumer Finances, at the Conference on Economic Opportunity and Inequality…
End the Fed’s War on Paychecks
byThe Democratic Party has made “income inequality” a signature issue for the 2014 (and, presumably, 2016) election cycle. Democrats, en masse, shout “J’accuse!” at Republicans. …
Keynes and Copernicus: the debasement of money overthrows the social order and governments
byThe United States Senate moves toward the confirmation of Janet Yellen, now posited for next January 6th, as chair of the Federal Reserve System….
Debt limit nonsense
bySome things are stated as fact which are nothing of the kind. Right up until the Congressional deal raising the debt ceiling news anchors…
How much longer will the dollar be the reserve currency?
byWe use the term “reserve currency” when referring to the common use of the dollar by other countries when settling their international trade accounts….