She’s not my choice for president but there is an important reality that the last presidential campaign did not bring out and the beltway” pundits” and national news readers seem to be deliberately or naively “unaware”: Mrs. Palin’s actual executive and international decision-making experience is far greater than that of Obama, McCain, and Biden put together, and [...]
Will the Federal Reserve’s pouring of more money into the banks to fight the current recession somehow mean there will be inflation in the future? That is the prevailing conventional wisdom of the beltway pundits and politicians. They are wrong. Yes, the Federal Reserve is pouring money into the banks because they are short of loanable funds. But [...]
Will the Federal Reserve’s pouring of more money into the banks to fight the current recession somehow mean there will be inflation in the future? That is the prevailing conventional wisdom of the beltway pundits and politicians. They are wrong. Yes, the Federal Reserve is pouring money into the banks because they are short of loanable funds. But that does not [...]
Almost every news story and opinion column about the Federal Reserve’s policy of quantitative easing starts out by repeating some version of the prevailing conventional wisdom that the Federal Reserve mainly operates via changing interest rates. Firstly, the Federal Reserve does not change the interest rates on bonds, loans, mortages, and credit cards. It can’t. The only rate the Fed sets is the overnight rate one [...]
In today’s digital world anyone can anonymously post negative comments about a person or business without the person being attacked ever knowing about it. That’s important because employers, banks, schools, and friendships can be adversely affected by someone’s digital reputation. An attack can arrive without warning and be on-going whether its true or not. Unfortunately there are a lot of vicious people in [...]
John Lindauer is a macroeconomics PhD who now owns and operates a number of businesses. We asked him about the Federal Reserve’s plan for another round of quantitative easing and his answers were not what we expected . Lindauer thinks the writers and pundits discussing the Fed’s plan have by and large merely repeated the somewhat naive conventional wisdom about the FOMC [...]
