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Category Archive: Hoover Adminstration

  1. Hooverism Makes A Comeback In The New York Times

    Last Wednes­day the New York Times Economix Blog pub­lished an arti­cle writ­ten by Casey B. Mul­li­gan sug­gest­ing Pres­i­dent Obama should con­sider let­ting “a bank panic run its course”. While Dr. Mul­li­gan is an Eco­nom­ics Pro­fes­sor at the Uni­ver­sity of Chicago and the New York Times is one of the most respected pub­li­ca­tions in the world, […] [read full story]

    Posted in: Credit Crisis, economy, Finance, Hoover Adminstration, New York Times, Public Policy
  2. Money Supply and Economic Data Weekly Watch – The Fed’s Next Move Will Be To Increase Money Supply

    While most of the busi­ness media is focus­ing on Lehman and trou­bled finan­cials, they are for­get­ting about next week’s Fed meet­ings and how mon­e­tary pol­icy will respond to the cri­sis. After almost 6 months of shrink­ing real money sup­ply (nom­i­nal money sup­ply adjusted for infla­tion), Fed pol­icy mak­ers are going to decide whether to push […] [read full story]

    Posted in: CPI, Credit Crisis, Deflation, Economic Statistics, economy, Federal Funds Rate, Federal Reserve, Finance, FOX BUSINESS NETWORK, Hoover Adminstration, Inflation, M2, Milton Friedman, monetary policy, Money Supply
  3. 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