Monetary Policy
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Krugman’s Magic Act
“We’ve reached a point where the political class’s primary concern is no longer doing what’s best for the economy, but getting around the letter of the law while fooling the public as to what they’re really doing.” ~ Antony Davies
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Stagflation Lite: 1st Quarter US GDP Growth Weakens to 1.1 Percent Amid a Renewed Inflationary Surge
“The current US economic environment could be categorized as stagflation lite, demonstrating as it does relatively resilient employment amid increasingly entrenched inflation and weakening growth.” ~ Peter C. Earle
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What’s To Blame for the Banking Crisis?
“It’s crucial for policymakers to not revert to zero interest rates and ample liquidity, and go down the same cycle once again.” ~ Siddharth Gundapaneni
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Words & Numbers: Peter C. Earle On The Death of Silicon Valley Bank
“Peter C. Earle, AIER Research Faculty and former Wall Street trader, joins AIER Senior Editor James Harrigan and Antony Davies on the Words & Numbers podcast to talk about what happened to Silicon Valley Bank.” ~ AIER
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Is it a LOLR? No, It’s a Trap
“The reason this is infuriating is that we are being told that taxpayers should be willing to double down, to reimburse even-more-careless depositors for their negligent inattention to risk.” ~ Michael C. Munger
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Silicon Valley Bank: Bespoke, Woke, and Restoked?
“In a chorus which has become familiar, the S&P 500 futures just leapt upward, as the dollar fell with equal fervor. Relief for equities, a snub to the greenback. At 7:45pm EDT on an otherwise quiet Sunday night in March, this is what that kicking the can down the road looks like.” ~ Peter C.…
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Has the Discount Window Mystery been Solved?
“We won’t know for another twelve or fourteen months whether Silicon Valley Bank (or any of the other banks being thrown overboard today) were the ones borrowing at the Fed’s discount window. But it is increasingly likely that whatever firm(s) it was, exigency was the driver.” ~ Peter C. Earle
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The Tooth-Fairy Economics of Slavery Reparations
“If the US government tried to implement the reparations program that the 1619 Project espouses, we would get huge increases in both taxes and inflation. Yet the key economist advising on this proposal denies that any taxes would have to increase.” ~ David R. Henderson and Phillip W. Magness
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ESG as an Artifact of ZIRP
“Although it is unlikely to disappear completely, the ESG fad is probably past the crest of its popularity. It’s time again for firms to focus, singularly and completely, on the inestimable task of making money.” ~ Peter C. Earle
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The Federal Reserve Accountability Act in Light of 333 Years of American Experiments
“By making the Fed so much more controlled by Washington, and removing even the appearance of private-sector influence, the proposed amendment could fatally weaken the Fed’s political legitimacy.” ~ Dror Goldberg
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Krugman’s Magic Act
“We’ve reached a point where the political class’s primary concern is no longer doing what’s best for the economy, but getting around the letter of the law while fooling the public as to what they’re really doing.” ~ Antony Davies
-
•
Stagflation Lite: 1st Quarter US GDP Growth Weakens to 1.1 Percent Amid a Renewed Inflationary Surge
“The current US economic environment could be categorized as stagflation lite, demonstrating as it does relatively resilient employment amid increasingly entrenched inflation and weakening growth.” ~ Peter C. Earle
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•
What’s To Blame for the Banking Crisis?
“It’s crucial for policymakers to not revert to zero interest rates and ample liquidity, and go down the same cycle once again.” ~ Siddharth Gundapaneni
-
•
Words & Numbers: Peter C. Earle On The Death of Silicon Valley Bank
“Peter C. Earle, AIER Research Faculty and former Wall Street trader, joins AIER Senior Editor James Harrigan and Antony Davies on the Words & Numbers podcast to talk about what happened to Silicon Valley Bank.” ~ AIER
-
•
Is it a LOLR? No, It’s a Trap
“The reason this is infuriating is that we are being told that taxpayers should be willing to double down, to reimburse even-more-careless depositors for their negligent inattention to risk.” ~ Michael C. Munger
-
•
Silicon Valley Bank: Bespoke, Woke, and Restoked?
“In a chorus which has become familiar, the S&P 500 futures just leapt upward, as the dollar fell with equal fervor. Relief for equities, a snub to the greenback. At 7:45pm EDT on an otherwise quiet Sunday night in March, this is what that kicking the can down the road looks like.” ~ Peter C.…
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•
Has the Discount Window Mystery been Solved?
“We won’t know for another twelve or fourteen months whether Silicon Valley Bank (or any of the other banks being thrown overboard today) were the ones borrowing at the Fed’s discount window. But it is increasingly likely that whatever firm(s) it was, exigency was the driver.” ~ Peter C. Earle
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•
The Tooth-Fairy Economics of Slavery Reparations
“If the US government tried to implement the reparations program that the 1619 Project espouses, we would get huge increases in both taxes and inflation. Yet the key economist advising on this proposal denies that any taxes would have to increase.” ~ David R. Henderson and Phillip W. Magness
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•
ESG as an Artifact of ZIRP
“Although it is unlikely to disappear completely, the ESG fad is probably past the crest of its popularity. It’s time again for firms to focus, singularly and completely, on the inestimable task of making money.” ~ Peter C. Earle
-
•
The Federal Reserve Accountability Act in Light of 333 Years of American Experiments
“By making the Fed so much more controlled by Washington, and removing even the appearance of private-sector influence, the proposed amendment could fatally weaken the Fed’s political legitimacy.” ~ Dror Goldberg