Craig Eyermann | Tuesday May 19, 2020 at 1:09 PM PDT
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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Craig Eyermann | Monday May 4, 2020 at 8:00 AM PDT
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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Craig Eyermann | Wednesday January 15, 2020 at 5:21 PM PST
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.
Craig Eyermann | Monday October 14, 2019 at 9:45 AM PDT
The Fed’s emergency liquidity injection, combined with rate cuts and its additional purchases of U.S. Treasuries, constitutes the return of quantitative easing.
Craig Eyermann | Monday September 23, 2019 at 9:51 AM PDT
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.
Craig Eyermann | Monday December 31, 2018 at 9:36 AM PST
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.
Alvaro Vargas Llosa | Thursday September 20, 2018 at 9:00 AM PDT
The overdo increase of artificially low-interest rates could prove disastrous because of unhealthy debt levels and asset inflation.
Jonathan Bean | Wednesday February 21, 2018 at 11:43 AM PST
Blight, the Yale historian, is hardly unique in his misrepresentation of the classical liberal tradition.
Randall G. Holcombe | Wednesday April 19, 2017 at 11:09 AM PDT
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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J. Huston McCulloch | Saturday February 11, 2017 at 10:18 AM PST
(See updates below, 2/13, 2/24, 6/12, 6/15, 7/27, 8/12, 9/8.) Five of the most important appointments Donald Trump will make during his first year in office will be to fill three vacancies on the Federal Reserve Board, to reappoint or replace Janet Yellen as Federal Reserve Board Chair, and to designate one of the...
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