The recent market jitters have a lot of people saying that the Fed might have made a yuge mistake by raising rates. I’ve been a vocal proponent against raising rates, [ … ]
Category: Macro Perspectives
Could the Fed Have Prevented the Financial Crisis?
Janet Yellen’s Congressional testimony today brought up an interesting line of questioning from Ted Cruz who said that the Fed was “passively tightening” policy in 2008 which contributed to the [ … ]
The Temporal Problem in Market Forecasting
You can’t talk about money and investing without talking about time. After all, the two are inherently interconnected. There’s the time value of money, the erosion of value due to [ … ]
The Euro’s Broken Promises
I really liked this comment by Bloomberg Europe Economist Maxime Sbaihi on the purpose of the Euro: => The point of the euro was to give Greece the interest rates of [ … ]
Three Things I Think I Think – Illiteracy Edition
Here are some things I think I am thinking about….
The Impractical Economics of Bernie Sanders
Extremist views don’t mesh well with economics. While they often sound good in theory they don’t work well in practice. This was the crux of much of my criticism of [ … ]
Why No One Should Support the Gold Standard
The gold standard is silly. No one should be in favor of going back to it. Here’s why:
How Will the Fed Raise Rates?
A Federal Reserve rate hike is very likely to occur before the end of the year or in Q1. But many are still unclear about how the Federal Reserve will [ … ]
Private Sector Saving is Not Saving Net of Investment
I’m highly sympathetic to Post-Keynesian economic perspectives. Post Keynesians generally prefer to work from an operational perspective so there is a strong influence on how the economy works at an operational [ … ]