by Andrew Moran | Nov 23, 2021 | Articles, Business News
Wall Street, it is official: President Joe Biden is sticking with Jerome Powell as chair of the Federal Reserve System. Progressives, it is also complete: The president is promoting Lael Brainard to vice chair of the U.S. central bank. For weeks, the financial markets...
by Andrew Moran | Nov 20, 2021 | Articles, Economic Affairs News, Good Reads, Opinion
‘Tis the season to either feign outrage over the national debt or proclaim that the U.S. government needs to spend more to avoid economic catastrophe. A month after Republicans and Democrats agreed to kick the can down the road, allowing the Treasury Department...
by Andrew Moran | Nov 16, 2021 | Articles, Business News, Exclusive Member, Good Reads
“Who are you going to believe?” Chico Marx asks in Duck Soup. “Me or your own eyes?” The Federal Reserve insists that stubbornly persistent high inflation, clocking in at its highest level since 1990, is transitory. After 18 months of the largest monetary expansion in...
by Andrew Moran | Oct 13, 2021 | Articles, Business News, Good Reads, Opinion
Is inflation still transitory? The Bureau of Labor Statistics (BLS) published the latest consumer price index (CPI) numbers for September, and the data suggested that the claims made by the Federal Reserve and the White House that inflation is transitory might be...
by Andrew Moran | Oct 3, 2021 | Columns, Economic Affairs News, Good Reads, Opinion
America Not Banning Bitcoin – Yet After the Chinese government clamped down on the cryptocurrency market and the People’s Bank of China (PBoC) essentially declared that crypto transactions were illegal, bitcoin and its brethren of virtual tokens experienced a...