Stimulating—Enough Already!
Despite the evidence to the contrary, the dominant sentiment among politicians, academics and journalists in the United States, Europe and Japan continues to be that stimulating the economy via fiscal...
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Filling the Federal Reserve Board Vacancies?
(See updates below, 2/13, 2/24, 6/12, 6/15, 7/27, 8/12, 9/8.) Five of the most important appointments Donald Trump will make during his first year in office will be to fill three vacancies on the...
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The Return of Quantitative Easing
The liquidity crisis feared by financial analysts has arrived. Sparked by a surge in the U.S. government’s borrowing following the Bipartisan Budget Deal, the Federal Reserve has been forced to...
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