“The best approach for the FOMC is to keep its rate target where it is. We should wait for additional inflation data in November before calling for even-tighter monetary policy.” ~Alexander W. Salter
READ MORE“In 1954, Harwood testified in the US Senate about the ‘advantages of returning to the full gold standard with the nation’s currency redeemable in gold coin on demand,’ as it had been throughout most of the nation’s history before the New Deal.” ~Robert E. Wright
READ MORE“The Fed should keep monetary policy tight as inflation returns to its 2-percent target. But if it tightens too much, it will push the economy into an unnecessary and painful recession.” ~William J. Luther
READ MORE“Blinder thinks deflation always and everywhere causes economic harm. ‘It takes a truly sick economy to cause deflation,’ he warns. But he’s wrong.” ~Alexander W. Salter
READ MORE“The IMF and FSB’s recommendations are transparently pro-government and anti-citizen. They overstate the potential harm of cryptocurrencies and propose monitoring systems that would benefit tyrannical governments at the expense of the public.” ~Thomas L. Hogan
READ MORE“How can one compare the US to Argentina, which has suffered a century of political instability, and has been a darling of IMF case studies for the past 40 years?” ~Nikolai G. Wenzel and Valentina Yayi Morales
READ MORE“If the yield curve is the explanation, then market forces aren’t ‘substituting’ for Fed policy. They’re simply reflecting an economic transition from one microeconomic equilibrium in the market for loanable funds to another.” ~Alexander W. Salter
READ MORE“US citizens will, in the event of an uncommonly strong third-quarter US GDP release, benefit from taking close note of political self-aggrandizement made in its wake. Upcoming GDP releases may require reminding administration officials of statements made tomorrow regarding the prospects of Bidenomics.” ~Peter C. Earle
READ MORE“Sure, supply-side factors contributed to higher prices in some markets, as did supply chain bottlenecks. But those are short-term fluctuations that don’t tell the entire story of reduced purchasing power for everyone.” ~Vance Ginn
READ MORE“Circumstances beyond our control will likely compel us to revert to something like the ‘old-time fiscal religion’ of balanced budgets during ordinary times, reserving deficits for extraordinary times.” ~Alexander W. Salter
READ MORE“But even if new PCE figures confirm a bump in the disinflationary road, it’s still likely best for the FOMC to hold off on further rate hikes.” ~Alexander W. Salter
READ MORE“Spots of price momentum in the September CPI support the Federal Reserve’s higher-for-longer mantra, and raise the possibility that even now policy rates are insufficiently restrictive.” ~Peter C. Earle
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