top of page
The Institutional Risk Analyst
Interview: Brian Barnier on the Fed and Inflation in Never Never Land
In the 1950s through maybe into the late 1990s, the FOMC could control mortgage interest rates....
-
Jun 17, 20245 min read
What If Chairman Powell is Wrong About Neutral Interest Rates?
Most adherents to free market economic ideas agree with the 20th Century American economist Irving Fisher (1867-1947) in rejecting the idea of a discernable “business cycle” along with speculations about natural or neutral interest rates. Concepts like neutral interest rates, equilibrium and full employment are, by definition, indefinite and speculative, much like calculating the position of an object moving through space-time, to borrow from the work of Stephen William Hawki
-
Jul 23, 20187 min read
bottom of page