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Olduvai III: Catacylsm
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The Idea That the Fed Is ‘Independent’ Is Absurd

The Idea That the Fed Is ‘Independent’ Is Absurd Reuters Photographer President Donald Trump sparked controversy — as is his wont — when he recently told CNBC that he was “not thrilled” with the Federal Reserve’s announced hikes in short-term interest rates, which he claimed would hinder the economic expansion for which his administration had […]

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Trump’s Tweets End the Myth of Fed Independence

Trump’s Tweets End the Myth of Fed Independence President Trump’s recent Tweets expressing displeasure with the Federal Reserve’s (minor) interest rate increases led to accusations that President Trump is undermining the Federal Reserve’s independence. But, the critics ignore the fact that Federal Reserve “independence” is one of the great myths of American politics. When it […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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