Alan Greenspan Warns of Coming Stagflation: Will You Listen?

Anyone who lived through the 1970s remembers the crushing effects of stagflation. The phenomenon, characterized by severe recession, double digit inflation, and high unemployment baffled Keynesian economists who had long posited that high inflation and high unemployment couldn’t exist together. The Phillips Curve propounded by the Keynesians held that there was a direct relationship between […]

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President Trump Continues to Attack the Fed: Will Powell Fold?

One of the more disappointing aspects of President Trump’s tenure is the evolution of his criticism of the Federal Reserve System. While candidate Trump rightfully criticized the Fed for artificially depressing interest rates, President Trump has morphed into attacking the Fed for raising its target federal funds rate. While he correctly identified the Fed’s political […]

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