Christmas during corona: How this season speaks to our suffering
On the menu today: Palantir shares skyrocket, a giant of labor economics passes away, Slack in acquisition talks with Salesforce, and Yellen’s plans for Treasury-Fed cooperation.
The Fed’s rate hikes caused a shortfall in nominal spending and thus an economic slowdown in 2015 and 2016.
On the menu today: Dow moves up, Yellen to move in, GMO and vaccines, urban tax crunches, a secret Chinese plan, and flat tax successes.
Yellen would take over the Treasury as the economy fights to recover from the devastation of the coronavirus pandemic.
A better monetary policy would replace the Fed's inflation target with a nominal-spending target.
Larry Kudlow supports Janet Yellen’s moratorium on rate hikes. But he wishes she would be more outspoken about the need for corporate tax reform.
Janet Yellen told us last week that the fed funds target rate will be raised slightly later this year. But after that, future rate hikes will be small and gradual ...