Tag Archives: federal reserve
Ending the Business Cycle with Guesswork
In the fall of 2010, the U.S. economy had been in recovery for about 18 months. At least that was the official word from the National Bureau of Economic Research, which dated the recession from December 2007 to June 2009. … Continue reading
Shooting Monetary Blanks
Severe storms in the Midwest and South are flooding out levees and riverbanks at a rate not seen in 74 years. From what we gather, if levels rise much higher at the confluence of the Ohio and Mississippi rivers the … Continue reading
The Origins of Central Banking
Ben Bernanke must think he’s an amateur entertainer. Tomorrow, after 98 years of silence, the Fed Chairman will give the central bank’s first-ever press conference. Here at the Economic Prism we’ll be watching with wide eyes and anticipation…hoping for the … Continue reading
Something to Believe In
Something to Believe In “Congress is going to have to raise the debt limit,” said Treasury Secretary Timothy Geithner on Sunday’s Meet the Press. Poor Timothy Geithner. Aside from the President he must have the worst job in the world. … Continue reading
