equilibrium interest rate

Bernanke Part 2; Inescapable Inequalities

It’s mostly accepted that what a central bank does is no more inconsistent with capitalism than what you and I do on a regular basis. There are various reasons for this self-inclusion which should be disqualified based on common sense alone, but monetary theory is, by intent, impenetrable beyond the few indoctrinated in its ritual mathematics. This isn’t to say [...]

Bernanke Admits, After Decades Contrary, The Fed Is Powerless

By Jeffrey P. Snider|2015-03-30T15:43:28-04:00March 30th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

Former Fed Chairman Ben Bernanke welcomed himself to the online economics community by initiating a personal blog at the Brookings Institute where he has landed as a Distinguished Fellow in Residence. This initial posting has created quite a stir, as you might expect, which has to be among the primary reasons for this venture. I suspect and detect, however, that [...]

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