Tapering IS Quantitative Tightening
Big Idea Ten: Central Banking Is a Hard Job
Alex Taborrok • Modern Principles of Economics
The sum total of the contribution of both these schools of thought is the consensus taught in undergraduate macroeconomics courses across the world: that the central bank should be in the business of expanding the money supply at a controlled pace, to encourage people to spend more and thus keep the unemployment level sufficiently low. Should a cen
... See moreSaifedean Ammous • The Bitcoin Standard: The Decentralized Alternative to Central Banking
In our view, Trump 2.0 wants a strong US dollar because it helps on-going tariff negotiations and the President’s demand that more firms produce in the US homeland. The Fed/ Treasury may be party to these ploys, and this may explain both the Fed’s reticence about future QE and the Treasury’s reluctance to use the TGA, which in the past has been emp... See more
Michael Howell • US Fed QE Needs to Restart Fast
Saint Milton Friedman taught us that inflation is always and everywhere a monetary phenomenon. A central bank, by printing too much money, can bring about inflation and destroy a currency, all things being equal. But that is the tricky part of that equation, because not all things are equal.
Jonathan Tepper • Endgame: The End of the Debt SuperCycle and How It Changes Everything
How Jay Powell is bending time and upending the business world
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