Category: Op Ed

What Exactly is the Role of an Inflation-Targeting Central Bank?

May 26th, 2015
in Op Ed

I have always thought that an inflation-targeting central bank is independent because it follows a clear goal: get inflation to fall in line with the target in the medium term. What I cannot understand is what ECB and Bundesbank are doing. more »

First QE Results are in: ECB did not Engage in “Printing Money”!

May 24th, 2015
in Op Ed

"Europe finally starts pumping markets with cash", CNN Money titled in early March 2015 when the ECB announced its program of quantitative easing (QE). Other press outfits wrote similar lines (Telegraph, RT, Reuters, ...) whereas some understood what was going on at the time (among more »

The Federal Reserve May Not Be Expert Enough To Manage The Economy

May 24th, 2015
in Op Ed

Written by Steven Hansen Yesterday, Fed Chair Janet Yellen admitted: Of course, the outlook for the economy, as always, is highly uncertain. I am describing the outlook that I see as most likely, but based on many years of making economic projectio… more »

Derailing Amtrak: Tracking the Latest Disaster in the Infrastructure Crisis

May 22nd, 2015
in Op Ed

The dangerous underfunding of US infrastructure was underscored by a fatal train derailment on May 12th. The tragedy did not deter the House Appropriations Committee from voting to slash Amtrak funding the very next day. There are ways Congress could fund its massive infrastructure more »

Greece Remains Defiant as It Seeks Creditor Deal This Week

May 21st, 2015
in Op Ed

Greece's government said it won't back down on election pledges to end austerity. Nikos Filis, spokesman for the parliamentary group of Prime Minister Alexis Tsipras's Syriza party more »

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