Posts Tagged ‘Federal Reserve’

  • The Fed Debate

    Sep 5, 12 • 419 Views • No Comments

    10 years ago, the future Federal Reserve Chairman Ben Bernanke said to Nobel laureate Milton Friedman, “Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.” What...  [read more]

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    A Surprising Deficit Worry

    Oct 22, 11 • 271 Views • No Comments

    Who do you think is the biggest holder of U.S. government debt? The U.S. government. Whenever Social Security collects more payroll tax money than it needs, it buys U.S. securities. Retaining cash would mean no return, buying stock could be risky and,...  [read more]

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    Too Big To Fail

    Aug 15, 11 • 270 Views • No Comments

    Imagine for a moment that you are the CEO of a large bank. Offered the opportunity to participate in a risky business deal, you say, “Yes.” If the venture succeeds, you benefit. If it fails and threatens your bank’s survival, the government...  [read more]

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    A QE2 Eulogy

    Jul 1, 11 • 411 Views • No Comments

    Although QE2 ended yesterday, eulogies for the Fed’s $600 billion bond buying program did not focus on the qualities of the deceased and why we will miss her. Yes, some did believe that things would have been much worse without QE2. But others were...  [read more]

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    Comparing Central Banks

    Apr 9, 11 • 347 Views • No Comments

    Perhaps we can divide the world between inflation fighters and recession fighters. Right now, most of the inflation fighters are in the developing world. In Brazil, Russia, India and China (the BRICs), more expensive food and energy and growing demand are...  [read more]