THE FED HAS PAINTED ITSELF INTO A CORNER: BY Robert P. Murphy
With official unemployment low and CPI inflation on the rise, the Fed is under pressure to keep hiking rates, even though we predict this will crash the economy.
THE WEALTH EFFECT: BY L. Carlos Lara
The height of the stock market and even the strength of the dollar itself ultimately rest on public confidence in our financial system. And right now there’s not much to be confident about.
Bernie Sanders introduced a bill to tax Amazon and other large employers based on how much assistance their employees get from the feds. This is a terrible idea that would hurt workers.read more
THE RISE (AND FALL?) OF THE FED’S FLOOR SYSTEM – BY Robert P. Murphy
The Fed instituted a very important new policy in October 2008, which casts doubt upon the rationale for the bailouts. But this new approach may be unraveling.
The central bankers are a clever bunch–they’ve convinced the public that a lack of oversight is a GOOD thing.
Former Dallas Federal Reserve President, Richard Fisher, publicly dressed down President Trump in a recent interview with CNBC in response to Trump’s remark that he’s “not thrilled” about the Fed’s interest rate hikes. Obviously, Trump’s comment upset Fisher quite a bit and he told CNBC that by making that comment “Trump is out of line.” 1