Hysteria: $1.5 Trillion Injection From the Fed

 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