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Norbert Michel On September 18, the Fed announced a 0.50 percent cut in its target rate, the first time it has cut its policy...
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Stock Market Today: Fed Cuts Rates and Market Makes Last Minute U-Turn
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Customer Satisfaction and QMS: Ensuring Continuous Feedback and Improvements
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Jeffrey A. Singer Brian Mann of NPR News reports today on encouraging new data released by the National Center for Health Statistics showing that...
Investing
Jeffrey Miron A standard assumption about elected officials is that they act in the best interests of their constituents. Perhaps that is true in...
Investing
David J. Bier The Medical Expenditures Panel Survey (MEPS) released its latest data from 2022 last month. The MEPS is a set of large-scale...
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My last post argued that, despite what Diamond and Dybvig’s famous theory suggests, bank runs have seldom proven fatal to otherwise sound banks. Instead,...
Investing
The 2022 Nobel Prize in Economics is to be shared by Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig, “for research on...
Investing
On October 10th, Douglas Diamond and Philip Dybvig won the Sveriges Riksbank Prize in Economic Sciences, sharing it with Ben Bernanke “for research on...
Investing
By the start of 1948, there could no longer be any doubt: the Great Depression wasn’t coming back. Instead of collapsing at war’s end,...
Investing
In a recent Bloomberg column, former New York Fed President Bill Dudley echoes a conventional Fed narrative, contrasting Fed interest rate cycles under two...
Investing
Recently, an investment advisor and Bitcoin proponent tweeted the claim that “[f]or most of human history” the “[s]eparation of money and state was the...
Investing
Senator Rob Portman (R-OH), the ranking member of the Senate Homeland Security and Governmental Affairs Committee, released a new minority staff report on July...
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In assessing the possibility that a severe downturn occurred at the end of WWII, I took issue with conventional wartime and postwar output statistics,...
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It was supposed to be a debacle. As the Second World War drew to a close, the nation’s leading economists feared that, once the...
Investing
In December 1946, Clark Warburton published an article in the Political Science Quarterly titled, “Monetary Control under the Federal Reserve Act,” which was reprinted...
