Tag Archives: Macroeconomics

Keynes and Copernicus: The Debasement Of Money Overthrows The Social Order And Governments

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The United States Senate moves toward the confirmation of Janet Yellen, now posited for next January 6th, as chair of the Federal Reserve System.   Let us in this moment of recess reflect on eerily...
    






In China, Rates Soar, Stocks Fall, Businesses Fail

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On Friday, fears of another quarter-end credit crunch drove money-market rates in China sharply higher despite emergency central bank intervention announced Thursday.  In the last five business days...
    






Paul Krugman’s Excellent Point About Uber’s Surge Pricing

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Paul Krugman is using Uber’s surge pricing as an example, as something to bolster a core part of the Keynesian economic model. But that’s fine for he’s doing it really rather well. The basic point is...
    






The Fed Will Still Provide Massive QE Next Year

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The Federal Reserve announced this week that it will provide $75 billion of quantitative easing (QE) in January, a massive amount, and will provide large though diminishing amounts of additional...
    






U.S. GDP Grew 4.1% In Third Quarter, More Than Previously Estimated

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New data shows the economy is growing, giving support to the Federal Reserve’s decision to begin cutting back on asset purchases earlier this week and leading the stock market to a strong Friday open...
    






100 Years Later, The Federal Reserve Has Failed At Everything It’s Tried

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On Dec. 23, 1913, President Woodrow Wilson signed the Owen Glass Act, creating the Federal Reserve. As we note its centennial, what has the Fed accomplished during the last 100 years? The stated...
    






$11.50 Minimum Wage Approved by Washington’s City Council

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Good news for the people living in Washington. The DC council has approved to raise the minimum wage in the US capital. In 2016, the basic per hour income will be $11.50 in Washington. Washington's...
    






Janet Yellen follows Ben Bernanke as Fed Chief

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Janet Yellen would be the first woman to head the Federal Reserve Bank. She has been the Vice President of the Fed since 2010. The Senate will still need to confirm Obama's nomination. Bloomberg has...