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Tag: Federal Reserve

I
Inflation, Interest Rates, and the Fed’s Next Move – by Dr. Cecil Bohanon and Dr. John Horowitz
- Inflation
May 2, 2025 by christianhartselle
Where is the U.S. economy going, and what should government do to ensure prosperity? A critical player is the Federal Reserve, whose primary job is maintaining a low and stable inflation rate. The Federal Reserve has more or less established a 2% long-run inflation target. In our opinion, it would be very unwise for the […]

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T
The Fed’s Fight: Money vs. Inflation – by Dr. Cecil Bohanon and Dr. John Horowitz
- Inflation
May 1, 2025 by christianhartselle
“Inflation is always and everywhere a monetary phenomenon.” Milton Friedman made this line famous in a talk he gave in India in 1963. In his view, both the cause and the cure for inflation rest squarely with the monetary authorities. Inflation is caused by an excessive expansion of the money supply and is cured by […]

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E
Exact economic estimates merit your skepticism – by Dr. Cecil Bohanon and Dr. John Horowitz
- Macroeconomics
April 30, 2025 by christianhartselle
In his new book, Economist Russ Roberts writes about tame and wild problems. Tame problems are well-defined and predictable, and wild problems are loosely defined and unpredictable. The moon landing was a tame problem. Though it was difficult, it was a defined and predictable use of science, engineering, and rational thought. Wild problems are problems […]

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Y
Yes, printing money during COVID led to inflation – by Dr. Cecil Bohanon and Dr. John Horowitz
- Inflation
April 30, 2025 by christianhartselle
Did the Federal government print money to spend for COVID relief and other expenditures, and is that why we are now experiencing inflation? Any first-year macroeconomics student should know that it isn’t that simple. But when we look at the effect of Federal Treasury/Federal Reserve financing, this assessment is mainly correct. When the Federal Treasury […]

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T
This Thanksgiving, there’s plenty to be grateful for – by Dr. Cecil Bohanon and Dr. John Horowitz
- Macroeconomics
April 30, 2025 by christianhartselle
During the dark days of the Civil War and while probably experiencing depression, Abraham Lincoln declared a day of Thanksgiving for the bounties and blessings Providence provided. Many countries and cultures have harvest festivals and thanksgiving feasts to express thanks. Philosophers, religious leaders, and scientists throughout the ages have discussed how gratitude is important for […]

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B
Bernanke, other economists deserving of Nobel Prize – by Dr. Cecil Bohanon and Dr. John Horowitz
- Inflation
April 24, 2025 by christianhartselle
The 2022 Nobel Prize in Economics was awarded to former Federal Reserve Chair Ben Bernanke and Douglas Diamond, an economist at the University of Chicago, and Philip H. Dybvig, an economist at Washington University. The Wall Street Journal reported: “their work helped governments and central bankers navigate the global financial crisis and avoid an economic depression of […]

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