Edward BrownApr 42 minThis Time Really is DifferentTo combat what seems like a prolonged period of runaway inflation, the Federal Reserve has stated it plans to raise interest rates six...
Edward BrownDec 14, 20214 minIt's Time to Accelerate TaperingInflation numbers released last Friday by the Bureau of Labor Statistics showed an annual increase of 6.8% in the Consumer Price Index, a...
Edward BrownSep 14, 20214 minAbolish the Debt CeilingMuch talk in recent weeks has been about the need for Congress to once again raise the debt ceiling, otherwise risk widespread default on...
Edward BrownJul 16, 20215 minWhat Frontline Missed: The Counterfactual of Fed InterventionPBS Frontline released a documentary Tuesday, The Power of the Fed, and it has everyone talking—and not just those who work in finance....
Edward BrownJun 17, 20213 minBiden and the Real Worst. Generation. Ever.For those who have seen the opening episode of Aaron Sorkin’s The Newsroom, one of the first things that typically comes to mind is the...
Edward BrownMay 12, 20214 minClarida is Right; Now Isn't the Time to TightenIn an interview on CNBC's Closing Bell last week, Federal Reserve Vice Chairman Richard Clarida made clear to viewers that now isn't the...
Edward BrownApr 2, 20215 minBiden's Infrastructure Plan Does More Than Just Rebuild the CountryPresident Joe Biden is doing something economists and policy wonks have been begging legislators to do for years yet no party has been...
Edward BrownJan 28, 20214 minA Permanent Minimum Wage Solution With the Biden administration starting to hit its stride in its second week, putting forth policy proposals that, for the most part, are...
Edward BrownDec 29, 20204 minRepublicans Use Coronavirus Relief Bill to Restrict Fed AutonomyOver the last week there have been plenty of articles outlining just how inadequate the latest round of stimulus is, given the turmoil...
Edward BrownNov 1, 20203 minSupply-Side Economics is DeadCovid-19 has killed supply-side economics. I'm sorry, Friedmanites, but it's true. The idea that as long as we lower taxes, cut...
Edward BrownOct 15, 20203 minThe Sociopathy of Failed Stimulus NegotiationsHundreds of thousands are dying, millions are in financial pain, yet Congress fails to do anything to help Americans in their time of...
Edward BrownSep 1, 20204 minThe Fed's New Approach to Price StabilityIn 2012, the Federal Reserve Federal Open Market Committee (FOMC), led by former Federal Reserve Chairman Ben Bernanke, formally...
Edward BrownJul 25, 20203 minWhat Would the Addition of Judy Shelton Mean for the FOMC?In a 13-12 vote Tuesday, the Senate Banking Committee approved Judy Shelton, a wildly controversial economist and long-time supporter of...
Edward BrownJun 26, 20203 minNow Isn’t the Time for an Austere IMFWhile the developed world is beginning to show signs of economic improvement, there are still fractures within the global economy that...
Edward BrownMay 13, 20204 minFor Some, It’s Time to DefaultAs governments remain focused on the current health crisis and finding ways to help consumers through what will be a Great...
Edward BrownApr 14, 20205 minCoronavirus Proves Labor Indispensable. Basic Income, Too.What would you say are the lessons of the past two months? Is it that we should all be more careful who we come in contact with, being...
Edward BrownMar 31, 20204 min$2 Trillion Isn’t Enough. We Need a Money Financed Fiscal Program.Anyone who thinks the recently passed $2 trillion stimulus package is enough to stem the economic fallout from the Coronavirus is living...
Edward BrownMar 18, 20203 minGive People Money; Supply-side Measures Won't WorkIt is becoming clear that implementing a payroll tax cut to fix the economic issues associated with the Coronavirus is a terrible idea....
Edward BrownMar 14, 20204 minNow Would Be a Great Time to Introduce the 50-year Treasury SecurityWith policymakers around the world concerned about how the Coronavirus will affect the health of their citizens, the strength of the...
Edward BrownJan 9, 20203 minCheck His Record, Bernanke Knows New Tools Are NeededAt an economic conference in San Diego last week, former Federal Reserve Chairman Ben Bernanke presented a paper outlining two...
Edward BrownDec 6, 20193 minThe Consequences of Punishing Banks for Using the Discount WindowYou may be surprised to learn that the Federal Reserve closely monitors something that has nothing to do with employment, interest rates,...
Edward BrownNov 2, 20193 minFormer Bank of England Governor Says Policymakers aren’t Ready for a Global Recession. He’s Right.If you are looking for something utterly terrifying to watch this Halloween season, check out Mervyn King’s speech at the IMF from a...
Edward BrownOct 4, 20194 minThe Continual Conflation of Socialism and Social ProgramsWith the craziness on Capitol Hill occupying our daily intake of media, I thought we could take a break from the barrage of political...
Edward BrownSep 24, 20194 minAre We Asking Too Much of Central Bankers?If you had to guess, what would you say are the top priorities of the world’s foremost central bankers? Economists like myself would say...
Edward BrownAug 21, 20194 minThe Lie of Public Service Loan ForgivenessWith the 2020 presidential campaign heating up and voters becoming more polarized by the hour, I have found an issue that we can all...
Edward BrownJul 28, 20194 minThe British Economy vs. Boris JohnsonFollowing Theresa May’s resignation last month, Parliament voted Wednesday to name Boris Johnson the UK’s new prime minister. A firebrand...
Edward BrownJul 22, 20193 min$15 Per Hour Isn't What MattersThe House of Representatives passed the Raise the Wage Act Thursday, a bill mandating the national minimum wage increase from its current...
Edward BrownJul 12, 20193 minTakeaways from Chairman Powell's TestimonyWednesday, during its semi-annual hearing of Monetary Policy and the State of the Economy, the House Financial Services Committee hosted...
Edward BrownJun 29, 20193 minThe Fed's Real Question: Do We Go Negative?As a result of downward market pressure on most asset classes and lower than expected May employment figures, the Federal Reserve Federal...
Edward BrownJun 12, 20193 minAn End to the Dollar's Reign?A couple weeks ago, the Wall Street Journal ran an editorial piece titled The Dollar May Be Knocked Off Its Pedestal which discussed,...