Fed management of the economy and the business cycle has only gotten much worse as it has grown more powerful and destructive. As the Federal Reserve has become more powerful, job losses have generally more severe and the duration of the recovery process has gotten progressively longer.
The most recent job report appears, on the surface, encouraging news for the U. S. economy.
The Economist recently opined that interest rates don’t affect investment.
A good sign for the future: Fed economist attacks the Gold Standard.
The Economist recently opined that interest rates don't affect investment. This claim is based on an empirical study that contradicts what we already know: that lower prices lead to more demand. In the end, the problem lies with the researches who fail to account for the behavior of central bankers.
In case you missed it, be sure and check out the October issue of The Free Market, now o
President James Bullard dissects the nearly six years of Zero Interest Rate Policy and asks the question: does low inflation call for an earlier re
