America's Economic Future – A Discussion By Ted Kavadas
While I don’t necessarily agree with any or all parts of the following statement, released yesterday, from Financial Services Committee Chairman Jeb Hensarling (R-TX), I do think that it is notable, and as such should be recognized. Here is the statement, which is in response to continued monetary stimulus as announced in yesterday’s Federal Reserve FOMC Statement : …
In this post I will make a few (belated) comments regarding QE3, as announced by Ben Bernanke on Thursday. I highlighted notable aspects of that Press Conference, as well as provided links to the transcript, economic projections and FOMC Statement in the September 15 post (“Ben Bernanke’s September 13, 2012 Press Conference – Notable Aspects“) …
Two well-written articles remembering the life of Anna J. Schwartz include the June 21 New York Times article titled “Anna Schwartz, Economist Who Worked With Friedman, Dies at 96” as well as the June 22 Bloomberg BusinessWeek article titled “Anna Schwartz, Economist Milton Friedman’s Co-Author, Dies at 96.” Although both article are well worth reading …
In previous posts I have written extensively of the intervention measures taken by the Federal Reserve, including the many risks involved with Quantitative Easing measures. One of the risks is the resulting size of the Federal Reserve’s portfolio and its inherent susceptibility to large (on a mark-to-market basis, as opposed to accounting basis) losses. …
On Monday, February 13, John C. Williams, President and CEO, Federal Reserve Bank of San Francisco, gave a speech titled “The Federal Reserve’s Mandate and Best Practice Monetary Policy.” Although I don’t agree with many aspects of the speech, I found various aspects to be notable. I would like to highlight one excerpt in particular, …
In the July 7 post (“Evaluating QE2“) I mentioned that “…I believe that QE3 or something very similar will be done in the future.” There are many reasons for this belief. Among the reasons for additional QE include the recent market tumult, visibly weakening economy, and various confidence measures that have nosedived. My belief in …
On June 30 The Wall Street Journal published a chart titled “QE2: A Quantitative Assessment.” It commented on QE2 and showed how various economic and market metrics fared over the course of the program. The question of QE2’s impact is an important one, for a variety of reasons. This impact is especially important as I …
I think it is important to reflect back upon the events preceding and during The Financial Crisis, and the actions taken during those periods, as they have had, and will have, substantial ramifications for our future economic situation. I have found comments made by former President George W. Bush to be interesting and notable, although …
On February 14 I wrote a post highlighting Milton Friedman’s “Free to Choose” television series of 1980. From time to time I plan on commenting on various material contained therein as much of it is highly relevant to issues we are currently encountering. His following comments are particularly noteworthy given today’s economic environment and intervention …
Recently Alan Greenspan wrote a paper titled “Activism.” (pdf) While I don’t agree with many of its analyses and conclusions, I am finding it to be an interesting document. On March 4, CNBC interviewed Greenspan. I found one response by Greenspan to be especially notable. The question happens at the 42 second mark: interviewer: …