The Atlanticist

Archives for Monetary policy

The world’s largest economy remains mired in the deepest recession since the Great Depression. The Bureau of Economic Analysis reported the US economy grew at an anemic 1.3% in the second-quarter growth and revised first-quarter growth downward to a paltry .4%. The American economic malaise is a drag on and danger to Europe and indeed… » read more

Posted by Eric Grover

Reining in the U.S. Fed

Congress created America’s current central bank the Federal Reserve System in 1913. As with all central banks its role ultimately is determined by the political process. The Fed is tasked with more than simply issuing and maintaining the value of the dollar: the world’s reserve currency. Under the 1978 the Humphrey-Hawkins Full Employment and Balanced… » read more

Posted by Eric Grover