Search Results for: inflation

Loans, Asset Purchases, and Exit Strategies—Why the WSJ Doesn’t Understand the Fed’s Operations

Posted on July 9, 2009 by | 18 comments

by Scott Fullwiler Some may have noticed a few weeks ago when the European Central Bank – the counterpart to the Federal Reserve in the Eurozone – conducted a one-day operation that resulted in $622 billion in 1-year loans to … Continue reading →

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BIS Report Warns That Main Problems Have Not Been Solved

Posted on July 6, 2009 by | Comments Off on BIS Report Warns That Main Problems Have Not Been Solved

by Eric Tymoigne The Bank for International Settlements (BIS) in its 79th Report makes several interesting points that are consistent with what has been argued on this blog. Echoing an argument made by William Black, the BIS notes that we … Continue reading →

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Coherently Confronting US Macro Challenges

Posted on July 3, 2009 by | 1 comment

By Robert W. Parenteau Many investors, policy makers, and economists find themselves unnerved by current economic conditions, and reasonably so. Depression or recovery, deflation or run away inflation, private or public insolvency – debates rage on all fronts. The disarray … Continue reading →

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Posted in Policy and Reform, The Federal Government Deficit, Uncategorized

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‘Easy Money’ Didn’t Sink the Economy

Posted on July 2, 2009 by | 2 comments

By Stephanie Kelton Brad DeLong, Mark Thoma and David Beckworth have spent the last few days debating the extent to which Alan Greenspan’s easy money stance (2001-2004) qualifies as a “significant policy mistake.” DeLong asks: “Should Alan Greenspan have kept … Continue reading →

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Posted in Monetary policy, Stephanie Kelton, Uncategorized

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The Financial Instability Hypothesis

Posted on June 25, 2009 by | 1 comment

By Felipe Rezende Janet Yellen, President of the San Francisco Federal Reserve, pointed out at the 18th annual conference honoring the work of Hyman P. Minsky that: “… with the financial world in turmoil, Minsky’s work has become required reading. … Continue reading →

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Professor L. Randall Wray responds to a question:

Posted on June 21, 2009 by | 1 comment

By L. Randall Wray Question: I heard a news report that the US Government is issuing bonds to finance its budget deficit, and that this will drive up interest rates and might even threaten government solvency. Also I have heard … Continue reading →

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Don’t Fear the Rise in the Fed’s Reserve Balances

Posted on June 18, 2009 by | 3 comments

By Scott Fullwiler Many in the financial press have noted the rise since September 2008 in the Fed’s reserve balances from about $20 billion to more than $800 billion today. A number of well-known economists have expressed concern that this … Continue reading →

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Fiscal Sustainability

Posted on June 17, 2009 by | Comments Off on Fiscal Sustainability

James K. Galbraith (via Julie Kosterlitz) on “What Is Fiscally — And Politically — ‘Sustainable’?” James K. Galbraith, Professor of Economics, University of Texas “Chairman Bernanke may, if he likes, try to define “fiscal sustainability” as a stable ratio of … Continue reading →

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