All Posts Tagged With: "federal funds rate"
The Great Money Binge: Spending Our Way to Socialism
“Can we do it again?” asks Amity Shlaes in her introduction to this book. She is asking about the Reagan revolution of the 1980s. In his final chapter George Melloan answers yes. But it won’t be easy because of the great expansion of government in 2008-09. He calls for a new vision of “Supply-Side Prosperity.” [...]
24Nov2010 | Gerald P. O'Driscoll, Jr. | 0 comments | ContinuedGreenspan Should Be Shocked by Risky Lending?
Toward the end of his tenure as Fed chairman in early 2006, Alan Greenspan was the object of praise edging at times into adulation. It came from some unlikely sources. Milton Friedman penned an encomium for Greenspan in the pages of the Wall Street Journal titled, “The Greenspan Story: He Has Set a Standard.” After [...]
2Mar2009 | Gerald P. O'Driscoll, Jr. | 0 comments | ContinuedInflation 101: Cause Versus Transmission
Howard Baetjer, Jr. is a lecturer in economics at Towson University. It’s always a pleasure for a teacher to receive a note from a former student showing that he or she has taken key lessons to heart. I had such a pleasure last winter when Joey, who had taken Money and Banking with me last [...]
1Sep2008 | Howard Baetjer Jr. | 2 comments | ContinuedCan the Feds Save the Housing Market?
Government Solutions Will Only Make Matters Worse
1Jun2008 | Robert P. Murphy | 13 comments | ContinuedSubprime Monetary Policy
In recent years monetary policy has been conducted so as to create an expectation that the Federal Reserve will bail out investors when asset bubbles deflate. Investors have come to bank on the Fed’s backing of risky ventures. The recent crisis in the subprime mortgage market is at least partly the outcome of this new [...]
1Nov2007 | Gerald P. O'Driscoll, Jr. | 2 comments | ContinuedThe Greenspan Fed in Perspective
Some readers of the Wall Street Journal might have been led to believe that Alan Greenspan had somehow followed Milton Friedman’s monetary rule. We now see, though, that there was no well-grounded rule; there was no standard.
1Jun2006 | Roger W. Garrison | 1 comment | Continued-
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