In The La Times, Brad Schiller writes bring on supply-side economics, criticizes the Fed’s aggressive monetary policy experiments.
“The 2009 American Recovery and Reinvestment Act and subsequent tax/spending initiatives add up to the largest fiscal stimulus in history. The same is true for monetary policy: The Fed drove interest rates down to near zero and has continued to pour reserves into the banking system. The end result has been the most aggressive use of fiscal and monetary policy tools in history. Yet job creation has been agonizingly slow.”
CNBC reports Larry Kudlow to retire from the Kudlow Report
From Forbes.com, Larry McDonald discusses how much juice is left in the Fed’s punch bowl for stocks.
At TGSN, Kathleen Packard details how the Federal Reserve’s policies have impacted emerging markets.
From Business Insider, Rob Wile states an erroneous report about China banning Bitcoin caused prices to tank.
The Washington Post reports the U.S. is considering using natural gas an an energy wedge against Russia.
In The NY Times, Coral Davenport and Steven Erlanger write a boom in natural gas can curb Putin.
In The WSJ, Steve Hanke and Stephen J.K. Walters explain the costs of Baltimore’s progressive trickle-down economics.