News
Fortune | 5 things you didn't know about Janet Yellen
President Obama on Wednesday tapped Janet Yellen to succeed Ben Bernanke as the next chairman of the Federal Reserve. By now, many Americans know Yellen could go down in history as the first woman to lead the Fed, as well as the first Democrat to head the central bank in almost 30 years.
Econ Comments & Analysis
Forbes | Rising Wealth Inequality Is Bad, But Liberal 'Solutions' Are Much Worse
Is rising inequality of income and wealth a bad thing? Yes, in the sense that the monetary chaos that is causing it is a bad thing. Everyone, including “the one percent,” would be better off today if America had had stable money for the past 45 years*.
Blogs
Economist | A new hand on the tiller
Janet Yellen's nomination to chair the Federal Reserve is ground breaking, and not just because she will be the first woman in the job. She would also be the first known dove to hold the position.
Library of Economics | Hummel on Fed's Lack of Control of Interest Rates
There is no denying that central banks have some impact on interest rates, in both the short and the long run. But the complexity of and qualifications to that impact have been swept into a memory hole, submerging a host of additional questions.
Economist | Burying the economy to save it
It is fair to note that low interest rates, particularly low long-term interest rates, can encourage financial behaviour that might in some circumstances increase vulnerability to crisis. But long-term interest rates are determined by many different factors, including the outlook for real growth and inflation expectations.
