Comments on Professor John Cochrane’s – A Few Things the Fed Has Done Right

A Few Things the Fed Has Done Right The Fed’s plan to maintain a large balance sheet and pay interest on bank reserves is good for financial stability. By John H. Cochrane Aug 21 (WSJ) — As Federal Reserve officials lay the groundwork for raising interest rates, they are doing a few things right. They […]

WSJ reports housing wrong

[Skip to the end] Thanks, the negatively biased reporting continues as the evidence grows that the Obamaboom is underway. The driving force is clear- the federal deficit seems to have gotten large (albeit the ugly way- falling revenues and rising transfer payments as output falls and unemployment rises) to again support incomes and spending. This […]