Beware the Predictions of “Experts” Like Janet Yellen
Alarm bells should go off when an economist, central banker or government official declares there’s no danger of economic turmoil in the near future.
Money and Banks
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Beware the Predictions of “Experts” Like Janet Yellen
Alarm bells go off when an economist, central banker or government official declares there’s no danger of economic turmoil in the near future.
The Death of the European Banking Union
The Italian banking crisis has managed to kill the new European Banking Union almost as soon as it was begun.
Yellen Imitates Bernanke and Greenspan with Declaration that Economy is A-OK
Yellen has announced that the economy is safe in our lifetimes. She follows in the footsteps of two great Fed Chair prognosticators.
No, Mark Carney, Brexit Didn’t Cause Inflation — You Did
Bank of England governor Mark Carney maintains that Brexit has caused a devaluation of the pound. A more likely cause of this is the BofE itself.
Myths Behind the War on Cash
The social advantages of eliminating physical cash are minimal, and economists tend to ignore the many costs that a cash ban would create.
Jim Grant Explains the Gold Standard
Jim Grant: Our current monetary system "is the financial counterpart to the philosophy of statism."
A Look at Uncertainty in the UK, Post-Election
It's becoming increasingly clear the Bank of England is sticking to an uncomfortably aggressive quantitative easing program.
The Money-Velocity Myth
Velocity has nothing to do with the purchasing power of money.
Yes, the Fed Really Is Holding Down Interest Rates
The empirical evidence is clear: the Fed is pursuing an expansionist monetary policy — and the economic benefits have been disappointing at best.
