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friedman

How We Got Here

By |2014-12-16T16:05:11-05:00December 16th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

The answer to every economic problem is one version of statism or another. If monetarism doesn’t succeed in “pump priming” with credit and inflation “stimulus” then surely the fiscal side will with “automatic stabilizers” and indiscriminate government expansion. These two grand economic strategies are often separated as if they are distinct sets of disparate theory; they are not. They represent [...]

Better Be A Shovel-Ready Future

By |2014-11-13T12:00:33-05:00November 13th, 2014|Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

In reviewing commentary about all the posturing in Japan preparing for what looks like, to me, an end of the recovery idea, there was one very alarming passage that I think may be important (and not just widely ridiculous) that ties together failure and the possible future course: Abe said yesterday he hadn’t decided whether to proceed with any snap [...]

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