Money and Finance
- The Daily Princetonian Speaks To Paul Volcker
Link to interview: Q&A: Former Federal Reserve chairman Paul Volcker '49 DP: Pretty recently, some economists have suggested that the central bankers took [the threat of] inflation too seriously. PV: I’ll give you a simple answer. The responsibility...
- Hoisington Q3 2013 Letter
The Fed’s capabilities to engineer changes in economic growth and inflation are asymmetric. It has been historically documented that central bank tools are well suited to fight excess demand and rampant inflation. The Fed showed great resolve in containing...
- Federal Reserve Policy Failures Are Mounting - By Lacy Hunt
Found via Zero Hedge. The Fed's capabilities to engineer changes in economic growth and inflation are asymmetric. It has been historically documented that central bank tools are well suited to fight excess demand and rampant inflation; the Fed showed...
- The Absolute Return Letter - July 2013: Much Ado About Nothing
The growing presence of political incompetence is beginning to annoy the world’s central bankers. The Bank for International Settlements (the central bank of central banks) has sharpened its knives, but BIS cannot have it both ways. Simultaneous de-leveraging...
- A Short Course In Thinking About Thinking - A "master Class" By Danny Kahneman
While Kahneman has a wide following among people who study risk, decision-making, and other aspects of human judgment, he is not exactly a household name. Yet among many of the top thinkers in psychology, he ranks at the top of the field. -Harvard psychologist...
Money and Finance
quotes and hubris
“It's frightening to think that you might not know something, but more frightening to think that, by and large, the world is run by people who have faith that they know exactly what's going on.” –Amos Tversky
…
“Any central bank can control inflation. Okay? That's kindergarten stuff.” –Laurence Meyer, CNBC (3/13/2012)
- The Daily Princetonian Speaks To Paul Volcker
Link to interview: Q&A: Former Federal Reserve chairman Paul Volcker '49 DP: Pretty recently, some economists have suggested that the central bankers took [the threat of] inflation too seriously. PV: I’ll give you a simple answer. The responsibility...
- Hoisington Q3 2013 Letter
The Fed’s capabilities to engineer changes in economic growth and inflation are asymmetric. It has been historically documented that central bank tools are well suited to fight excess demand and rampant inflation. The Fed showed great resolve in containing...
- Federal Reserve Policy Failures Are Mounting - By Lacy Hunt
Found via Zero Hedge. The Fed's capabilities to engineer changes in economic growth and inflation are asymmetric. It has been historically documented that central bank tools are well suited to fight excess demand and rampant inflation; the Fed showed...
- The Absolute Return Letter - July 2013: Much Ado About Nothing
The growing presence of political incompetence is beginning to annoy the world’s central bankers. The Bank for International Settlements (the central bank of central banks) has sharpened its knives, but BIS cannot have it both ways. Simultaneous de-leveraging...
- A Short Course In Thinking About Thinking - A "master Class" By Danny Kahneman
While Kahneman has a wide following among people who study risk, decision-making, and other aspects of human judgment, he is not exactly a household name. Yet among many of the top thinkers in psychology, he ranks at the top of the field. -Harvard psychologist...