Tag: Federal Reserve
After the Government-Engineered Recession, How Soon Will the Economy Return to Normal?

The arrival of COVID-19 has brought with it an unprecedented and uncertain situation in many ways. One uncertainty is that because the disease is novel, we don’t know its future trajectory. Another uncertainty is how rapidly governments will move to lift restrictions on economic activity. That is something government officials can choose. Yet another…
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Fed Chief Jerome Powell Tells Uncle Sam To Spend More

In the last two months, the U.S. Federal Reserve has underwritten every single dollar borrowed by the U.S. government, and then some, becoming the biggest single lender to the federal government along the way. And now, Federal Reserve Chair Jerome Powell has told Uncle Sam to get out there and spend! Reuters has the…
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The Fed Becomes the U.S. Government’s Biggest Creditor

Do you remember life before the coronavirus epidemic? Like back in September 2019, when the Social Security Trust Fund was the largest creditor to the U.S. government? The venerable trust fund’s long reign as the biggest single lender of money to the U.S. government has come to an end, because Uncle Sam has a…
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Federal Reserve Underwrites Washington’s Spending Binge

On October 11, 2019, the U.S. Federal Reserve announced it would begin buying billions of Treasury bills every month to ensure the nation’s banking system would have “ample reserves” through the end of 2019 as part of its efforts to help prevent a liquidity crisis from wreaking havoc in U.S. money markets.

Fed Confirms That Federal Borrowing a Cause of Liquidity Crisis

The Fed’s emergency liquidity injection, combined with rate cuts and its additional purchases of U.S. Treasuries, constitutes the return of quantitative easing.

The Return of Quantitative Easing

The new financial crisis could have been avoided, if only a bipartisan majority of politicians in Washington, D.C., could have restrained the growth of their spending to sustainable levels.

The Fed and the U.S. National Debt

Now that the Fed has changed its policies, U.S. taxpayers will be forced to bear a larger burden in paying for the full cost national debt.

Ten Years after Lehman—Will It Happen Again?

The overdo increase of artificially low-interest rates could prove disastrous because of unhealthy debt levels and asset inflation.

Frederick Douglass: Lion of Individualist Liberalism

Blight, the Yale historian, is hardly unique in his misrepresentation of the classical liberal tradition.

The Fed’s Inflation Fixation

The Federal Reserve has an inflation target of 2% per year. That target appears to be a minimum: They are concerned when inflation falls below their target but appear to be content with inflation above 2%. The current inflation rate from March 2016 to March 2017, measured by the Consumer Price Index, is 2.4%….
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