The Federal Reserve is the Cause of Inflation, Not the Cure for It
With inflation slowing to 3.1% as of writing this column, Jerome Powell…
Author Dr. Christopher Douglas
Dr. Christopher Douglas
Dr. Christopher Douglas came to the University of Michigan-Flint in 2006. He earned a B.S. in Electrical Engineering and a B.S. in Economics from Michigan Technological University in 2001, and his Ph.D. in Economics from Michigan State University in 2007. As Associate Professor and Chair of the Department of Economics, he teaches Principles of Microeconomics, Principles of Macroeconomics, International Economics, Public Finance, and Sports Economics.
Costs of High Interest Rates
The Federal Reserve has increased the federal funds rate from 0% to…
What if the Government Defaults?
The deal recently reached by Congress and President Biden suspends the debt…
The Bailout of Silicon Valley Bank
In March 2023, Silicon Valley Bank (SVB) collapsed. When a bank fails,…
The Collapse of Silicon Valley Bank
Due to losses on its bond portfolio, Silicon Valley Bank collapsed in…
Reducing Demand
Everyone hoped inflation would return to normal in 2023. Signs were encouraging…
“Mild” Recessions
Bloomberg’s December 2022 survey of economists found that 70% expect a recession…
The 2023 Economy
Many economists forecast a recession in 2023. The Federal Reserve does not…
The Collapse of FTX
The cryptocurrency exchange FTX filed for Chapter 11 bankruptcy on November 11,…
The Global Energy Crunch
The global economy is facing a severe energy crunch heading into winter.…