Part one of a two-part series on the Fed’s approach to inflation. Part two will appear next week. There’s probably not a consumer in America who worries about prices being…
Deflation Isn’t Always Bad
As we noted yesterday, the Federal Reserve Board’s attempt to avoid deflation has resulted in lowering income for those in the bottom 25% of the income scale. But we likely…
Fed’s Inflation Focus Hurting Average Americans
While we’ve written in the past about the perils of deflation, we’ve also noted that the Federal Reserve Board’s target of 2% inflation is random and dangerous, as the Fed…
Strength Isn’t Always Good
With the dollar strengthening rapidly relative to other currencies, in part as a result of Donald Trump’s election victory, consider this irony: The price of imports will fall, making them…
Brady Plot Puts U.S. Economy on Verge of Deflation
The Federal Reserve Board – which may be the smartest deliberative body on the face of this earth – bought more than $3.5 trillion in bonds in an effort to…
Bazooka or Blunderbuss?
Any day now, it seems that European Central Bank President Mario Draghi’s full head of hair will migrate to his chin and turn gray, as the central banker morphs into…
The Inflation Straw Man
“When real interest rates start to move up, that’s when the crisis could hit.” …
It “Eats Societies Alive”
“Oh, no!” you’ve probably been thinking. “The cost of filling my gas tank dropped again!” Falling prices are a good thing for the cash-strapped American consumer, whose income on-average has…
What’s So Funny About Quantitative Easing?
There’s plenty funny about quantitative easing. This UTube computer-animated video explains QE2 much better than anything I’ve seen or read elsewhere. Check it out. [youtube=http://www.youtube.com/watch?v=PTUY16CkS-k&feature=email]