inflation anchor

Economists Just Now Finding Evidence Against Money Printing That Markets Settled On Years Ago

By Jeffrey P. Snider|2016-08-30T13:43:01-04:00August 30th, 2016|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

For a central bank, deflation is the starting point which makes inflation the emphasis. So long as there is a “small” amount of positive inflation then economists have suggested deflation, thus depression, becomes impossible. The reason for that belief is twofold, first having to do with the margin for “error”; that is a small positive inflation rate acts as a [...]

The New Greater Fool

Most people would look at a 40-month deviation as being rationally altering, maybe even something so permanent. The Fed, on the other hand, along with economists, have convinced themselves that somehow three and a half years is but a temporary detour. And so monetary policy and the recovery outlook itself are supposed to somehow straddle that inconvenience while still emitting [...]

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