Category Archives: Federal Reserve

The kindergartener-style responsibility shirking of current and former Federal Reserve officials doesn’t pass the sniff test — and it doesn’t stand up to empirical study, either. What is more, there is also the issue of just how much of the … Continue reading →

Why have macroeconomists maintained a narrow intellectual consensus in the face of massive, widely publicized intellectual failure?

Ruchir Sharma on the public turn against the Fed. Quotable: monetary activism suffers from the same fundamental flaw as Keynesianism, in that it protects inefficient players instead of injecting renewed vigor into the economy. In a telling statement of the … Continue reading →

100 years of the Federal Reserve — an assessment (pdf).