deflation

Does Technological Improvement Hurt Productivity?

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Reading Time: 5 minutes The Minnesota Fed President Neel Kashkari is active on Twitter where he often conducts Q&As where any user can ask him questions. While we aren’t proponents of the Federal Reserve, the fact that he is willing to answer real critics and not just the media, which oftentimes asks what seems…CONTINUE READING

Why The Federal Reserve Isn’t Meeting Its Goals

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Reading Time: 6 minutes There are many questions about the current monetary policy, but not many answers provided by the central bankers. The situation, which has remained the same since the Federal Reserve started its quantitative easing policy, was perfectly summarized on Monday as Janet Yellen spoke at the University of Michigan. She didn’t…CONTINUE READING