All Posts Tagged With: "monetary stimulus"
Quantitative Uneasiness
In their recent paper, “Has the Fed Been a Failure?,” George A. Selgin, William D. Lastrapes, and Lawrence H. White conclude that over nearly 100 years the Federal Reserve’s performance has been mostly awful. Unfortunately, the Fed is currently engaged in a policy that will likely make a nice addition to their article. This policy, [...]
21Apr2011 | Ivan Pongracic Jr. | 36 comments | ContinuedBoom and Bust: Crisis and Response
America has experienced a classic economic boom and bust, which I first chronicled in the November 2007 Freeman. Ill-conceived policies to encourage homeownership channeled cheap credit into housing markets. Land-use and zoning policies restricted the supply of housing in key desirable markets. In The Housing Boom and Bust, Thomas Sowell of the Hoover Institution has [...]
24Feb2010 | Gerald P. O'Driscoll, Jr. | 2 comments | ContinuedThe Fed Should Inflate to End the Financial Crisis?
The current housing and financial crisis has many people blaming “greed and market forces” for unleashing a panoply of evils on the unsuspecting middle class. This has led to many bad proposals to solve the crisis, such as the April 14 Wall Street Journal op-ed “The Inflation Solution to the Housing Mess” by John Makin, [...]
1Jul2008 | Ivan Pongracic Jr. | 1 comment | Continued-
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