Tag Archives: zero interest rate policy
Experience the Magic of Unconventional Instruments
One of the pleasures of living in a postmodern world is witnessing the incoherent monetary policy efforts of central bankers. It’s like watching a child chase seagulls at the beach. There’s a lot of movement with no purpose or accomplishment. … Continue reading
Cause and Effect of a Broken Market
According to the professionals, the economy’s improving. Can you believe it? Despite the fact that first quarter GDP declined at an annual rate of 1 percent, economists are coming up with the darnedest reason why things are getting better. “Late … 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
