by Andrew Moran | Jun 14, 2020 | Articles, Columns, Economic Affairs News, International, Politics, Social Issues
Inflation Nation There is no inflation if you do not eat food, live under a roof, or seek medical care. The U.S. government claims that there is no increase in prices, except for things that consumers are buying. That sounds like something Keynesian goddess Paul...
by Andrew Moran | Dec 15, 2019 | Articles, Columns, Economic Affairs News, Politics
Death By 750 Cuts The Federal Reserve recently concluded its last policy meeting for 2019 and the Federal Open Market Committee (FOMC) unanimously left interest rates unchanged at a target range of 1.50% to 1.75%. The U.S. central bank’s dot-plot – a forecast of 12...
by Andrew Moran | Nov 20, 2019 | Articles, Business News, Economic Affairs News, International
By now, you might be wondering if the central bankers have exhausted all the weapons in their arsenal. Money-printing and bond-buying, ZIRPs and NIRPs: What else could the smartest men and women in the room possibly employ? Well, in addition to doubling down on these...
by Andrew Moran | Nov 18, 2019 | Articles, Business News, Economic Affairs News, International, Politics, Social Issues, Trade
As Lewis Carroll wrote in Alice’s Adventures in Wonderland – which has turned out to be a handbook for central banks to devise monetary policy and the public to understand it – “If you drink much from a bottle marked ‘poison’ it is certain to disagree with...
by Andrew Moran | Nov 6, 2019 | Articles, Business News, Economic Affairs News, International, Politics
In the last decade, the European Central Bank (ECB) has introduced subzero interest rates, printed hundreds of billions of euros, and destroyed the currency. What does the ECB have to show for it? An anemic regional economy, countries on the brink of disaster, and...