The Fed Has Sufficient Tools—to Wreck the Economy

The Fed Has Sufficient Tools—to Wreck the Economy

Mar 18, 2020 | Fed

In its emergency announcement on Sunday evening, the Fed assured us that it “is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals.” The Fed put its...
Paul Volcker: The Man Who Vanquished Gold

Paul Volcker: The Man Who Vanquished Gold

Dec 21, 2019 | News, Uncategorized

The flood of obituaries that noted the passing of Paul Volcker (1927–2019) last week have almost all lauded his achievement as Fed chair (1979–1987) in reining in the double-digit inflation that ravaged the US economy during the 1970s.  Volcker was referred to as...