Money and Finance
- Gr-neam Reflections: 07/02/2013 - Mandarin Snow Globe
Central bankers are talking more about the unintended consequences of their actions. Ebullient risk takers beware. ...
- Gr-neam Reflections: 03/01/2013 - Better Late Than Never
Jeremy Stein of the Federal Reserve Board of Governors recently spoke on the subject of unintended consequences of unconventional monetary policy. The Fed thus begins to admit that the observations of capital markets observers have a point. ...
- Ultra Easy Monetary Policy And The Law Of Unintended Consequences – By William R. White
AbstractIn this paper, an attempt is made to evaluate the desirability of ultra easy monetary policy by weighing up the balance of the desirable short run effects and the undesirable longer run effects – the unintended consequences. The conclusion is...
- 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...
- No Shortcuts To Greatness - By Vitaliy Katsenelson
Nothing defined Alan Greenspan’s tenure as chairman of the Federal Reserve Bank more than his wholehearted embrace of capitalism. With early roots in his 30-year association with the novelist and philosopher Ayn Rand, that faith grew into an unconstrained...
Money and Finance
John Mauldin: QE Infinity: Unintended Consequences
There is an intense debate going on in the first-class cabin of Economics Airlines about the direction in which our plane should be pointed. And while those of us back in the cheap seats don't get to help decide, knowing where we will land is of intense interest to all of us. This week we listen in on the debate, in the form of speeches and academic postings passed back from first class for the rest of us to read. This type of debate also occurred when Greenspan held rates down at an abnormally low level for a very long time. The unintended consequence of that move was a housing and debt/leverage bubble. Are there potential unintended consequences to Bernanke's current monetary policy, which some are calling Quantitative Easing Infinity? I suggest you put up your tray tables and fasten your seatbelts – the ride could get bumpy as we explore QE Infinity: Unintended Consequences.
- Gr-neam Reflections: 07/02/2013 - Mandarin Snow Globe
Central bankers are talking more about the unintended consequences of their actions. Ebullient risk takers beware. ...
- Gr-neam Reflections: 03/01/2013 - Better Late Than Never
Jeremy Stein of the Federal Reserve Board of Governors recently spoke on the subject of unintended consequences of unconventional monetary policy. The Fed thus begins to admit that the observations of capital markets observers have a point. ...
- Ultra Easy Monetary Policy And The Law Of Unintended Consequences – By William R. White
AbstractIn this paper, an attempt is made to evaluate the desirability of ultra easy monetary policy by weighing up the balance of the desirable short run effects and the undesirable longer run effects – the unintended consequences. The conclusion is...
- 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...
- No Shortcuts To Greatness - By Vitaliy Katsenelson
Nothing defined Alan Greenspan’s tenure as chairman of the Federal Reserve Bank more than his wholehearted embrace of capitalism. With early roots in his 30-year association with the novelist and philosopher Ayn Rand, that faith grew into an unconstrained...