Federal Reserve

Archive for Federal Reserve

Pessimism

I think it’s safe to say that if the stock market crashes within the next 2 years or so, that both Austrians and Keynesians (as well as MMTers) are going to say, “We told you so.” Now I know very well the reasons I think that may happen. Look at the chart of the S&P […]

O’Driscoll on Cheap-Money Policies

I spend so much time reading Krugman et al., that occasionally I need to come back up for air and breathe the sweet oxygen of Gerry O’Driscoll (HT2 von Pepe).

Mises >> Scott Sumner + Warren Mosler

“[I]nflation becomes the most important psychological resource of any economic policy whose consequences have to be concealed; and so in this sense it can be called an instrument of unpopular, i.e. of anti-democratic, policy, since by misleading public opinion it makes possible the continued existence of a system of government that would have no hope […]

Subcommittee Hearing on the Fed and Oil Prices

Ah, Desolation Jones posts the video faster than the Congressional staffers get it to me. Yet another example of the private sector’s efficiency… If any of you are going to pop a bag of corn and watch this whole thing, can you pleeeease do a Murphy compilation? I am assuming it’s not that much of […]

Murphy Written Testimony to Congress on the Fed and Oil Prices

This is what I formally submitted to the great deliberative body, but the actual subcommittee hearing was surprisingly boisterous. I really hope they make the video available. Incredibly, Dennis Kucinich out of nowhere asked me what I thought should be done with the Fed, so I thought it would be fine to answer frankly. (I […]

In the Pit of Despair

The resourceful von Pepe sends this link. I’m not making any promises, but it’s possible it will have streaming coverage of the testimony of me, Dean Baker, and all my friends. (It starts today–Wednesday–at 1:30pm Eastern time.) The topic is the Federal Reserve and gasoline prices.

Mr. Murphy Goes to Washington

On Wednesday, May 25th, I’ll be testifying at the Oversight and Government Reform Committee (chaired by Darrell Issa) at 1:30. The topic will be the connection between Fed policy and high oil prices. The people I’m talking to don’t know right now if it will be televised. Right now Intrade gives me a 34% shot […]

Bob Wenzel Is Golden

My post title is actually a little too conciliatory, because I don’t think Bob’s overall position holds up to scrutiny. But, I definitely misunderstood him in my previous post, and I can’t explain it myself. I was in a Connecticut airport about to board a flight that had been delayed by Air Force One (seriously, […]