Great Depression

Writing The New Book On Credit Channel Depression

By |2019-03-26T17:19:58-04:00March 26th, 2019|Markets|

On June 15, 2007, not even two months before worldwide panic would break out, Federal Reserve Chairman Ben Bernanke was in Atlanta, Georgia, speaking at a monetary policy conference. Sponsored by the Atlanta branch of his organization, as fate would have it Bernanke’s chosen topic was the credit channel for monetary policy. This is something [...]

The Best Year In Over A Decade Confirms The Economy Still Near The Worst

By |2019-02-28T16:29:57-05:00February 28th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

A month behind schedule, Q4 GDP sure did disappoint. I don’t mean that it was disastrously weak, rather it came in right down the middle benefiting neither camp. The BEA’s not preliminary but not quite second revised GDP estimate for Q4 2018 was 2.55617% (seasonally adjusted compounded annual rate) above Q3. Not strong enough to [...]

FDR Policies Extended the Depression

By |2008-10-20T15:18:40-04:00October 20th, 2008|Economy|

From the UCLA Newsroom: Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt. After scrutinizing Roosevelt’s record for four years, Harold L. Cole and Lee E. Ohanian conclude in a new [...]

Inflation Explained

By |2008-10-13T18:06:50-04:00October 13th, 2008|Economy|

The consequences of inflation, generally higher prices, are known to most everyone. Most people think that the higher prices are the inflation but as the first sentence indicates the higher prices are just a symptom. There has to be something to drive prices higher. That something is an increase in the supply of money. People [...]