There Will Not Be a Second Bailout
Hopefully, the UAW strike will be settled by the time this column…
Browsing: Econ
The Federal Reserve is Not Independent
One of the myths found in economics textbooks and perpetuated by some…
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…
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…