Why Bidenomics “Failed”
With unemployment standing at 3.7 percent, down from 6.3 percent when President Biden took office, and labor force participation up 1.5...
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The Demand Side®
Posts
Edward Brown
- Mar 4, 2023
- 2 min
Biden Should Tap Seth Carpenter to Replace Vice Chair Brainard
As former Vice Chair of the Federal Reserve Board Lael Brainard takes up her role as head of President Biden’s National Economic Council...
Edward Brown
- Nov 22, 2022
- 4 min
The Selective Myopia and Political Convenience of Inflation Dynamics
Public discourse surrounding the US Federal Reserve has been mired as of late by widespread discontent with regard to the series of...
Edward Brown
- Aug 19, 2022
- 3 min
Congress’s Sleight of Hand
On Tuesday of this week, President Biden signed the Inflation Reduction Act into law. A piece of legislative text ostensibly geared...
Edward Brown
- Apr 4, 2022
- 2 min
This Time Really is Different
To combat what seems like a prolonged period of runaway inflation, the Federal Reserve has stated it plans to raise interest rates six...
Edward Brown
- Dec 14, 2021
- 4 min
It's Time to Accelerate Tapering
Inflation numbers released last Friday by the Bureau of Labor Statistics showed an annual increase of 6.8% in the Consumer Price Index, a...
Edward Brown
- Sep 14, 2021
- 4 min
Abolish the Debt Ceiling
Much talk in recent weeks has been about the need for Congress to once again raise the debt ceiling, otherwise risk widespread default on...
Edward Brown
- Jul 16, 2021
- 5 min
What Frontline Missed: The Counterfactual of Fed Intervention
PBS Frontline released a documentary Tuesday, The Power of the Fed, and it has everyone talking—and not just those who work in finance....
Edward Brown
- Jun 17, 2021
- 3 min
Biden 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 Brown
- May 12, 2021
- 4 min
Clarida is Right; Now Isn't the Time to Tighten
In 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 Brown
- Apr 2, 2021
- 5 min
Biden's Infrastructure Plan Does More Than Just Rebuild the Country
President Joe Biden is doing something economists and policy wonks have been begging legislators to do for years yet no party has been...
Edward Brown
- Jan 28, 2021
- 4 min
A 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 Brown
- Dec 29, 2020
- 4 min
Republicans Use Coronavirus Relief Bill to Restrict Fed Autonomy
Over the last week there have been plenty of articles outlining just how inadequate the latest round of stimulus is, given the turmoil...
Edward Brown
- Nov 1, 2020
- 3 min
Supply-Side Economics is Dead
Covid-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 Brown
- Oct 15, 2020
- 3 min
The Sociopathy of Failed Stimulus Negotiations
Hundreds of thousands are dying, millions are in financial pain, yet Congress fails to do anything to help Americans in their time of...
Edward Brown
- Sep 1, 2020
- 4 min
The Fed's New Approach to Price Stability
In 2012, the Federal Reserve Federal Open Market Committee (FOMC), led by former Federal Reserve Chairman Ben Bernanke, formally...
Edward Brown
- Jul 25, 2020
- 3 min
What 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 Brown
- Jun 26, 2020
- 3 min
Now Isn’t the Time for an Austere IMF
While the developed world is beginning to show signs of economic improvement, there are still fractures within the global economy that...
Edward Brown
- May 13, 2020
- 4 min
For Some, It’s Time to Default
As governments remain focused on the current health crisis and finding ways to help consumers through what will be a Great...
Edward Brown
- Apr 14, 2020
- 5 min
Coronavirus 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 Brown
- Mar 31, 2020
- 4 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 Brown
- Mar 18, 2020
- 3 min
Give People Money; Supply-side Measures Won't Work
It is becoming clear that implementing a payroll tax cut to fix the economic issues associated with the Coronavirus is a terrible idea....
Edward Brown
- Mar 14, 2020
- 4 min
Now Would Be a Great Time to Introduce the 50-year Treasury Security
With policymakers around the world concerned about how the Coronavirus will affect the health of their citizens, the strength of the...
Edward Brown
- Jan 9, 2020
- 3 min
Check His Record, Bernanke Knows New Tools Are Needed
At an economic conference in San Diego last week, former Federal Reserve Chairman Ben Bernanke presented a paper outlining two...
Edward Brown
- Dec 6, 2019
- 3 min
The Consequences of Punishing Banks for Using the Discount Window
You may be surprised to learn that the Federal Reserve closely monitors something that has nothing to do with employment, interest rates,...
Edward Brown
- Nov 2, 2019
- 3 min
Former 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 Brown
- Oct 4, 2019
- 4 min
The Continual Conflation of Socialism and Social Programs
With the craziness on Capitol Hill occupying our daily intake of media, I thought we could take a break from the barrage of political...
Edward Brown
- Sep 24, 2019
- 4 min
Are 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 Brown
- Aug 21, 2019
- 4 min
The Lie of Public Service Loan Forgiveness
With the 2020 presidential campaign heating up and voters becoming more polarized by the hour, I have found an issue that we can all...
Edward Brown
- Jul 28, 2019
- 4 min
The British Economy vs. Boris Johnson
Following Theresa May’s resignation last month, Parliament voted Wednesday to name Boris Johnson the UK’s new prime minister. A firebrand...
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