On this episode of the #MediaMadness podcast economist and media personality Peter Schiff discussed issues including the stock market’s reaction to Trump’s election, the ubiquity of Keynesian economic theory, the Federal Reserve and more.
Cue the spin from New York Times: The seven-year period since the end of the Great Recession has become one of the longest economic expansions in American history and, at the same time, one of the most disappointing. The Fed, in a statement announcing its decision, noted what had become a typical mix of good […]
WASHINGTON — The Federal Reserve is a bit wary of inflation, which has been held in check for some time since the Great Recession. Reuters reported that the Fed is pleased with current inflation levels, as a rise in both rent and medical care costs showed some hints of stability. The Fed is planning to […]
WASHINGTON — Lawrence “Larry” Summers, a former top aide to U.S. President Barack Obama, has withdrawn his name from consideration to be the Federal Reserve chairman. Reuters reported that Summers, whose name floated around for months as a successor to Ben Bernanke, withdrew after significant congressional pressure to do so. Some considered Summers as a […]
WASHINGTON — The world once heralded the rising economies of India and Brazil, but the prolonged Western economic recession has hit them hard too. Reuters reports that both India’s rupee and Brazil’s real suffered and plummeted in value against the dollar. Investors were hedging their bets as far as the impact of limited and the […]
WASHINGTON — Ronald Reagan once said the scariest words to an American were, “I’m from the government and I’m here to help”. That same fear may grip Americans as it is President Barack Obama’s turn to handpick the replacement for the Federal Reserve chairman. Ben Bernanke’s term is coming to a close in January 2014 […]
In an article in the June 22, 2011 New York Times, reporter Binyamin Appelbaum led by arguing that “The Federal Reserve hoped that its three-year-old economic rescue campaign would reach a climax at the end of June. It hoped that consumers and businesses by now would be spending more and more, and the central bank […]