The Pros and Cons of Low interest Rates
We were once a nation of savers. Now, we are a nation of debtors. How did we get there?
Month: August 2024
Bad Economic Policy + Bad Economic Policy = Economic Disaster
How do you make a bad problem worse? Do more of whatever created the problem. Vice President Harris’ plan to give $25,000 “down payment support,” in addition to a $10,000 tax credit, to first time home buyers1 will exacerbate inflated housing prices. The cheap and free money era of the virtual 0% Federal Funds Effective…
Election | Federal Reserve | Finance | Housing Prices | Inflation | Interest Rates | Political Strategy
The Federal Reserve and the Price of Political Policy
The Federal Reserve is adrift in a political swamp. Policy based in politics always has a cost that is not immediately apparent.