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Monetary Policy and the U.S. Economy
In the face of the worst jobless rate in twenty-six years, the Obama administration and congressional Democrats do not seem to realize that adopting bad policies kills jobs.
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Despite reassurances about the fiscal stimulus package last February, the U.S. economy has lost around 3.5 million jobs since the start of 2009.
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Judging by the all too many economic flashpoints around the globe, the Australian Reserve Bank's bet on a V-shaped global recovery would seem to be anything but a sure thing.
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The U.S. government must act decisively to rectify its unsustainable fiscal position.
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The U.S. economy is still struggling, and the Federal Reserve should not try to stop the slide of the dollar; doing so would be an abrupt removal of still-necessary stimulus.
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At its upcoming meeting, the Federal Open Market Committee will likely see little reason to change its monetary policy stance since economic developments have stood very much in line with the Fed's expectations.
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What do the dollar's role and value mean for U.S. foreign policy?
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Measures to help avoid a future crisis and proposals to change the way in which the government responds to crises should they happen nonetheless.
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Sometimes people ask if I miss working for the Federal Reserve. Perhaps if it continues expanding its fiefdom.
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A survey of economists would show a significant difference of opinion concerning optimal policy responses to a recession.
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