QE2: Pros and Cons

Reminding us that there is no such thing as a free lunch, The Washington Post has an excellent interactive summary of the pros and cons of a QE2 impact. But first…what is QE2? Through a second r…

Where is QE2 Going?

Did you ever wonder how things really happen? We read about quantitative easing and hear some gigantic number but then…what? Who does it and how? In a Planet Money podcast, journalists visit the…

Translating the Fed

I just discovered the Slate Plain English tool. Still under development, its function is to transform unintelligible jargon into normal English. To see how it works, you might want to look at a Slate/…

The Two Sides of ZIRP

Hearing economists discuss the Fed’s zero-interest-rate policy, Harry Truman would again search for a one-handed economist. On the one hand…if you can borrow money cheaply, you are more li…

Consumer Financial Protection

I have been curious about why the new Bureau of Consumer Financial Protection (BCFP), established by the Dodd-Frank financial reform bill, is an independent bureau within the Federal Reserve. While I …

A New Fed?

“Independent” is the first word that comes to mind when I think about the Federal Reserve. Overseeing the supply of money and credit, the Fed is supposed to be an independent Federal agenc…

A Fourth Monetary Policy Tool

The chasm between economics textbooks and real life has grown larger. It is just tough to keep up. Looking at monetary policy, the most typical tool used by the Federal Reserve takes students so very …

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