Tag Archives: federal reserve
Monetary Activism
Sometime in the 1950s twentieth century economist Hyman Minsky developed his Financial Instability Hypothesis. At the cornerstone, is the notion that economic stability breeds instability. How’s that possible? As Minsky observed, financial crisis follow periods of economic prosperity. These periods … Continue reading
Scientific Management of the Economy is Absurd
A Fed insider shattered the glass and pulled the fire alarm this week. “A strengthening U.S. economy may force the central bank to hike rates ‘sooner rather than later’ to stay ahead of inflation,” Philadelphia Federal Reserve President Charles Plosser … Continue reading
Wealth Building for Pigs
Today we close our eyes, tilt back our head, and breathe deeply. Not only do we breathe in oxygen…we breathe in something more: Perspective. We’ve never gutted a hog around here. But, from what we gather, it’s a bloody mess. … Continue reading
Listening to the Canary
Listening to the Canary By Terry Coxon, Senior Economist During World War II, the British Royal Air Force (RAF) undertook a plan of misdirection to allow a squadron of bombers to approach an exceptionally valuable target in Europe undetected. The … Continue reading
