Barack Obama now says unemployment will never fall like he promised in 2009.
Tag Archives: Monetary Policy
How to Control for Optimal Growth Economy
Source: Federal Reserve System
Benchmarks for Assessing Monetary Policy: Optimal Control
U.S. Housing Debt and the Global Economy
Source: Peterson Institute for International Economics
The real accounting trick in keeping GSE securities on the Fed balance sheet is the same as the one that underlay why Fannie Mae was privatized in 1968 in the first place: to keep its assets and liabilities unfunded from the current presidential administration’s standpoint. Continue reading
Economy: The 4% Growth Project
Do you remember the Jet Age?
That’s the period in the 1950s and 1960s that we like to remember.
The Jet Age wasn’t just Madison Avenue, as in “Mad Men,” the TV series. Everything back then seemed to move faster.
But what was it that makes us, and so many others, long for the Jet Age?
