Why Quantitative Easing Is Not Working

Why Quantitative Easing Is Not Working

By formally announcing quantitative easing (QE) infinity on March 23, 2020, the Federal Reserve (Fed) is using its entire arsenal of monetary stimulus. Unlimited purchases of Treasury securities and mortgage-backed securities for an indefinite period is far more...
The Currency of Last Resort: GOLD

The Currency of Last Resort: GOLD

Goldman Sachs says now is the time to buy gold, the safe-haven asset, amid market panic over the impact of the growing coronavirus pandemic.  The commodity, which is considered “the currency of last resort,” has slumped lately as investors sell the safe...
The Fed Has Sufficient Tools—to Wreck the Economy

The Fed Has Sufficient Tools—to Wreck the Economy

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...