BankNotes Archive – January 2016
BankNotes Articles from January 2016
Did “Tight” Fed Policy Cause the Financial Crisis?
DECEMBER 16, 2015 — Robert P. Murphy Recently Senator Ted Cruz aggressively questioned Janet Yellen on the Fed’s possible role in causing the financial crisis and subsequent recession. In particular, he claimed that “in the summer of 2008” the Fed “told markets that it was shifting to a tighter monetary … Read more
Read MoreThanks, Janet Yellen: Homeownership in US Falls to 25-Year Low
December 11, 2015 Ryan McMaken I do not regard home ownership rates as a proxy measure of economic prosperity. But, in the United States, increasing home ownership has long been a goal of federal policymakers, and Federal Reserve policy is often defended on the grounds that it makes home ownership … Read more
Read MoreBubble Watch: No-Down-Payment Jumbo Mortgage Makes a Comeback
by Paul-Martin Foss December 11, 2015 A credit union in San Francisco is offering a $2 million, no down payment mortgage loan to borrowers. And while this is being offered by a credit union, credit unions of necessity being more cautious lenders than banks, and the credit union will no … Read more
Read MoreNo, “Big Data” Can’t Predict the Future
Per Bylund December 7, 2015 With Google’s dominance in the online search engine market we entered the Age of Free. Indeed, services offered online are nowadays expected to be offered at no cost. Which, of course, does not mean that there is no cost to it, only that the consumer … Read more
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