I have spilled a huge amount of ink about Quantitative Easing and its impacts over the last 5 years (see here). One of my key points about QE is to highlight how it probably hasn’t had as much impact on the broader economy as some people tend to imply. In other words, it’s not as stimulative as many think….

One of the most common arguments in favor of the gold standard is that the USA had very high rates of growth under a gold standard. The era that’s commonly cited is the 1800’s. The argument, in essence, is that gold is a more stable form of money that won’t lead to inflationary booms and busts. But this isn’t always presented in a very balanced manner.

It’s become extremely fashionable in recent weeks and months for analysts and economists to propose cutting the Interest On Excess Reserves based on the assumption that this will suddenly stimulate [ … ]

Remember all that chatter earlier this year about the “great rotation” and how bonds were going to get crushed because everyone was “rotating” into stocks?  That seems to have died [ … ]