Money and Finance
Dallas Fed Posts Previously Unreleased Conversation with Milton Friedman
The Federal Reserve Bank of Dallas today [11/8/2007] released a wide-ranging interview between Nobel Laureate economist Milton Friedman and Dallas Fed president and CEO Richard W. Fisher.
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Friedman and Fisher discuss a myriad of topics, including globalization, China, the Federal Reserve, free trade, government spending and education reform.
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Hoisington Q4 2013 Letter
In The Theory of Interest, Irving Fisher, who Nobel Laureate Milton Friedman called America’s greatest economist, created the Fisher equation, which states the nominal bond yield is equal to the real yield plus expected inflation. It serves as the pillar...
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John Mauldin: The Consequences Of Easy Monetary Policy
"No very deep knowledge of economics is usually needed for grasping the immediate effects of a measure; but the task of economics is to foretell the remoter effects, and so to allow us to avoid such acts as attempt to remedy a present ill by sowing the...
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Richard Fisher On Bloomberg (video)
Aug. 8 (Bloomberg) -- Federal Reserve Bank of Dallas President Richard Fisher talks about monetary policy and the potential risks of additional economic stimulus. He speaks with Tom Keene and Sara Eisen on Bloomberg Television's "Surveillance.
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Hoisington Q2 Letter
The three competing theories for economic contractions are: 1) the Keynesian, 2) the Friedmanite, and 3) the Fisherian. The Keynesian view is that normal economic contractions are caused by an insufficiency of aggregate demand (or total spending). This...
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John Mauldin: The Unsustainable Meets The Irresistible
This week’s letter is a result of two lengthy conversations I had today, which have me in a reflective mode. Plus, I finished the last, final edits of my book, all of which is causing me to mull over the unsustainability of the US fiscal situation....
Money and Finance