gdp growth Archive


Karim writes: Bullard Definitely out there on his own. FRB would certainly not communicate policy shift through him Also, everyone has different reasons why QE works. Most of the Fed leadership thinks just via interest rate channel and announcement effect. Bullard thinks through monetary channel, which makes him a minority. GDP Data: ...Read More

1934 Cartoon

We went off the gold standard in 1934 and solvency was never again an issue for the Federal government. Those ‘sound money’ people were wrong then and are wrong now as taxes function to regulate aggregate demand and not to raise revenue per se. This cartoon is claimed to be from the ...Read More