The Fed's activities for over a decade have been very focused on creating inflation (an increase in the money supply). Allan Meltzer wrote a great article the other day summarizing how inflation isn't the solution to our economic problems... it's the cause. He revisits how Fed chairman Paul … [Read more...] about NY Times' Meltzer Calls for Fed To Stop Causing Inflation
interest rate
When the economy attacks: Fed fights back with toy gun
Today the Federal Reserve lowered their key rate to 0%. Huh? How does our economy work when money is lent for no interest? Well, they technically lowered the key rate to a range of 0% to 0.25%. This is the first time the Fed's key rate has been this low ever. Without getting into a long, complex … [Read more...] about When the economy attacks: Fed fights back with toy gun