The Fed Doesn’t Target The Market?


Financial types have long had a preoccupation: What will the Federal Reserve do with all the fixed income securities it purchased to help the U.S. economy recover from the last recession? The Fed’s efforts to shrink its holdings have been blamed for various ills, including December’s stock-market swoon. And anyRead More →

Does debt matter? It doesn’t until … it does


It has become fashionable in recent months for economists to argue that the nation’s growing public debt is not a problem but something to be, if not exactly embraced, then at least not avoided. Harvard University economists Lawrence Summers and Jason Furman penned a recent article in “Foreign Affairs,” titledRead More →