central banks

Never waste a crisis. That just makes the next one inevitable and probably worse.

In America today the truth is often easily seen:  statements of the obvious or about the inevitable attract the loudest criticism.  So it was at the start of the financial crisis, when  Rahm Emanuel, Obama’s chief of staff, told a  conference of top corporate chief executives in November 2008. “You never want a serious crisis to go …

Never waste a crisis. That just makes the next one inevitable and probably worse. Read More »

The Fed is not wildly printing money, as yet no hyperinflation, we’re not becoming Zimbabwe

Despite folks seeking to incite panic by comparing the US to Zimbabwe (e.g., Glenn Reynolds), the Federal Reserve is not monetizing the government’s debt (aka massive printing of money).  It’s balance sheet has been flat since the end of 2008.  The Fed expanded its balance sheet (printing money) in the 4th quarter of 2008, as the demand for cash skyrocketed — …

The Fed is not wildly printing money, as yet no hyperinflation, we’re not becoming Zimbabwe Read More »

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