Tags » Greenspan

What I’m reading – Bernanke’s Courage to Act

One of my favourite passages in Ben Bernanke’s memoir of the financial crisis and its aftermath, The Courage to Act, describes how, on the way to the Federal Reserve building to deal with the imploding Bear Stearns, Bernanke takes the time to email his assistant Rita Proctor: “Pls order a couple of muffins and oj for me. 457 more words


“Looking for Wally when there are many Wallies”

That well describes the challenges faced by monetary policymakers according to this piece from Bloomberg Business “Are we tight yet? The Fed´s problem in finding the neutral rate… 1,103 more words

NGDP Growth

Greenspan 1966: Fiat Money Steals From The Rich To Give To The Poor

In Alan Greenspan’s famous (famous to us Econ nerds, that is) essay of 1966 entitled Gold And Economic Freedom, the then-young economist, writing with the subtext of condescension, resentment, and hint of conspiracy-theorizing prevalent among (Ayn) Randians, decried America’s departure from the Gold Standard. 2,376 more words

Economic Theory

The Fed Put May Be Over

The big announcement on interest rates last week from the Federal Reserve’s Open Market Committee was a big nothing. That’s right, after all the talk about rate hikes in June and definitely in September, it didn’t come. 546 more words

Market Commentary



Former Federal Reserve’s chairman Alan Greenspan’s word sounded the most rational observation on the subject. The point has long diverted from whether the Fed Rate Hike is on or not. 1,068 more words

When the Fed ran out of luck!

I think that coincided with Bernanke taking over from Greenspan.

Let´s back track to a speech by Governor Laurence Meyer from June 2001, six months before he left the Board of Governors after serving for almost five years. 984 more words

Monetary Policy