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Category Archive: Andrew Mellon

  1. SOUNDS LIKE A HOOVER ADMINISTRATION ECONOMIST PRESENTED AT LAST WEEK’S FED CONFERENCE" rel="bookmark">SOUNDS LIKE A HOOVER ADMINISTRATION ECONOMIST PRESENTED AT LAST WEEK’S FED CONFERENCE

    Some of the head­lines from last week’s Fed­eral Reserve con­fer­ence sounded like they were writ­ten in the 1930’s when the Hoover Admin­is­tra­tion encour­aged liq­ui­da­tion of assets and banks as a way to fix the econ­omy. Willem Buiter, a for­mer offi­cial of the Bank of Eng­land and Euro­pean Bank for Recon­struc­tion and Devel­op­ment, sounded like Andrew […] [read full story]

    Posted in: Andrew Mellon, BANKS, Bernanke, Bush Administration, Credit Crisis, Federal Funds Rate, Federal Reserve, Finance, Great Depression, Hoover Adminstration, housing crisis, monetary policy, Money Supply, Willem Buiter