Fed Admits It Was Wrong – Kind Of
“So rather than starting to tighten policy in the fourth quarter of ‘21, as Powell described, the Fed was implicitly loosening policy through May of ‘22.” ~Thomas L. Hogan
Menu
“So rather than starting to tighten policy in the fourth quarter of ‘21, as Powell described, the Fed was implicitly loosening policy through May of ‘22.” ~Thomas L. Hogan
“The discount shelf in your lower supermarket is emblematic of the same process as well, albeit in the opposite direction. Variable pricing permits improved resource allocations, including of labor, by responding to real-time conditions.” ~Peter C. Earle
“Overbuilt facilities generate excess capacity, waste resources, and are only needed in extreme events. A consumer-of-last-resort could secure electricity grids and monetize their resilience.” ~Joakim Book
“The Fed should be looking ahead and adjusting monetary policy in light of its forecasts. Instead, its eyes are fixed on the rear-view mirror.” ~William J. Luther
“Alas, most voters are ignorant of Econ 101. They don’t realize that price ceilings actually decrease buyers’ access to goods whose prices are kept artificially low by government diktats.” ~Donald J. Boudreaux
“Casa Escuela is but one of many global examples of grassroots, local, civil society efforts to bypass the state educational establishment, with its bloated bureaucracy, mediocrity, and hardcore socialist thought.” ~Nikolai Wenzel
“The real gains come from people moving to where their labor is more valuable — and that’s in high-income countries like the United States. The problem is, we rich Westerners won’t let them come.” ~Art Carden
“At most, large deficits impelled the Fed to support the market for government debt by purchasing more debt than it should have. The central bank, not the fiscal authorities, is the residual determiner of aggregate demand.” ~Alexander W. Salter
“No matter what your specialization, whether in economics or in any other field, Cowen has written a book which is trying to convince you to break out of your specialization and rediscover the broader world of ideas.” ~James Hartley
“One really has to question the motives of climate activists who oppose the expansion of natural gas and nuclear power. Do they want to see realistic and sustainable environmental improvement or are they after some other kind of payout?” ~Paul Mueller
250 Division Street | PO Box 1000
Great Barrington, MA 01230-1000
Press and other media outlets contact
888-528-1216
press@aier.org
AIS is a fully owned subsidiary of AIER
This work is licensed under a
Creative Commons Attribution 4.0 International License,
except where copyright is otherwise reserved.
© 2021 American Institute for Economic Research
Privacy Policy
AIER is a 501(c)(3) Nonprofit
registered in the US under EIN: 04-2121305
