Tags » Paul Volcker

Cluelessness about Strategy, Tactics and Discretion

In his op-ed in the weekend Wall Street Journal, John Taylor restates his confused opposition to what Ben Bernanke calls the policy of constrained discretion followed by the Federal Reserve during his tenure at the Fed, as vice-chairman under Alan Greenspan from 2003 to 2005 and as Chairman from 2005 to 2013. 2,597 more words

Milton Friedman

What Is the Historically Challenged, Rule-Worshipping John Taylor Talking About?

A couple of weeks ago, I wrote a post chiding John Taylor for his habitual verbal carelessness. As if that were not enough, Taylor, in a… 1,670 more words

Paul Krugman

QIRP Does Not Work And Rebutting Bernanke's Defense Of Himself

I refer to the combination of QE and ZIRP as QIRP. Both happened concurrently for the most part. It is hard to dis-aggregate the effect of one from the other. 2,162 more words

Economics

Hofstra Professor Presents Public Integrity Award to Paul Volcker

At the March 2015 American Society for Public Administration’s Annual Conference in Chicago, Dr. Carole L. Jurkiewicz of the Zarb School of Business presented the Annual Public Integrity Award to Paul Volcker, former Chairman of the Federal Reserve under Presidents Carter and Reagan, and founder of the Volcker Alliance (and a past commencement speaker for the Zarb School :-) ).  208 more words

Zarb Means Business

Draghi has the credibility of a mewling infant

“There needs to be a certain credibility,” opined Mario Draghi, President of the European Central Bank, as he launched outright Eurozone quantitative easing last Thursday. “Today, we’re showing that such credibility is deserved”. 1,255 more words

Liam Halligan

Ronald Reagan's Most Under-Appreciated Triumph

It’s no secret that I’m a huge fan of Ronald Reagan.

He’s definitely the greatest president of my lifetime and, with one possible rival, he was the greatest President of the 20th century. 900 more words

Economics