On social media, people are up in arms with how the government is quick to take care of the filthy wealthy bankers and don't care at all about the working-class folk. "Oh, so the government can inject $1.5 Trillion in an instant to save the banks but can't provide free healthcare to the 99 percent … Continue reading Hysteria: $1.5 Trillion Injection From the Fed
Making Sense of Nominal GDP Targeting
Jerome Powell replaced Janet Yellen as the new Chairman of the Federal Reserve. This change will give the Fed a chance to reconsider how it conducts monetary policy. There had been a consensus among macroeconomists since the 1980s, but like many things, it was shattered by the Great Recession. One alternative for the new Fed … Continue reading Making Sense of Nominal GDP Targeting
Robert Lucas: Lower Your Expectations
Don’t you hate it when you hit rush hour traffic? How about when you end up going to lunch at your favorite chicken spot and the line is out the door? Me too. I’m never surprised by the rush hour or the long lines. Sometimes, I get frustrated with myself before I get caught in … Continue reading Robert Lucas: Lower Your Expectations
The Silver Fox Gets Us Ready For A Rate Hike
To update, the Fed has increased the fed funds rate 25 basis points to 1 percent as of March 15. Read more here. Whether or not the Silver Fox is just teasing as usual, it is definitely time for millennials to experience a rate hike with interest rates above zero. On March 3, the Fed’s … Continue reading The Silver Fox Gets Us Ready For A Rate Hike
Daily Prompt: Disagree
via Daily Prompt: Disagree Rant: A Day in My Life of Disagreements It seems like every day is composed of my disagreeing with pretty much everything and having to defend myself as gracefully as I can. Every morning I disagree with my alarm clock. At 7:00 am, it hastily alerts me that I should wake up … Continue reading Daily Prompt: Disagree