Opinion
It’s time to rethink the Fed’s 2% inflation target – and the system behind it
Moving toward a more market-based, adaptive mechanism for inflation management could be a more effective long-term solution.
News
Friday Interview: Book Examines How Financial Crisis Rocked Charlotte
RALEIGH — If you took a snapshot of the Charlotte banking community in 2007, left the Queen City, then returned today, you would find a much different place. Rick Rothacker, banking reporter for The Charlotte Observer, devoted an entire book to the subject of the financial crisis’s impact on North Carolina’s largest city. Rothacker discussed Banktown: The Rise and Struggles of Charlotte’s Big Banks with Mitch Kokai for Carolina Journal Radio.
Opinion
Obama Anti-Recession Policies: Bush on Steroids
The policies of the Bush administration did, indeed, get us into this economic disaster. And the intensification of these policies has caused continued economic stagnation and increased unemployment.
Opinion
Obama’s Anti-recession Policies: George Bush on Steroids
After promising change, the 44th president simply expanded on his predecessor’s bad economic ideas.
News
Friday Interview: Government Contributions to the Economic Collapse
RALEIGH — Some people believe the recent economic collapse should lead to increased government regulation. They say unfettered free markets caused the problems that continue to plague the American economy. Robert Murphy, adjunct scholar at the Ludwig von Mises Institute, offers a different perspective. The author of both The Politically Incorrect Guide to Capitalism and The Politically Incorrect Guide to the Great Depression and the New Deal discussed the economy with Mitch Kokai for Carolina Journal Radio.
Opinion
Fiddling At The Fed
So after a recession caused by excessive borrowing, the Inflate Now faction wants to give the government more tools to promote future excessive borrowing.
Opinion
Making a List of Culprits
Just about everyone in Washington who exercised power over the housing and financial industries during the past two decades deserve some of the blame for the financial meltdown.
Opinion
Transparency Or Tradeoff?
With the holidays upon us, the business community is anticipating sales and employment figures like kids awaiting Santa. It’s a good time to consider, then, what economists mean when they talk about the economy "heating up" or "cooling off," and why these issues are the special concern of Federal Reserve officials.
Opinion
Like Three Bears, This Chair Wants No Surprises
When outgoing Chair Alan Greenspan's last term ends, after 18-plus years, the Fed will not only experience new leadership, but a shift in emphasis. Will the change make much difference? Incoming Fed Chair Ben Bernanke favors a policy of maintaining low inflation rates. Seems subtle, but it's a real difference.
Opinion
No. 867: Does It Matter Who Heads the Fed?
Whomever succeeds Alan Greenspan as chairman of the Federal Reserve will wield considerable clout over the economy.
