iOS app Android app

St Louis Federal Reserve

A Few Things the Fed Has Done Wrong

Robert Auerbach | Posted 11.23.2014 | Business
Robert Auerbach

The Bernanke and Yellen Feds have built a $2.7 monetary time bomb that should not be allowed to explode rapidly. The Fed should sell longer-term Treasury bonds to the public as the Fed reduces the interest they pay on the $2.7 monetary trillion time bomb.

Warren Destroys Big Myth

The Huffington Post | Luke Johnson | Posted 10.30.2013 | Politics

Sen. Elizabeth Warren (D-Mass.) on Tuesday rejected the notion that affordable housing mandates for Fannie Mae and Freddie Mac caused the financial cr...

Massive Misconceptions About Where the Bernanke Fed's Money Explosion Went

Robert Auerbach | Posted 08.25.2013 | Business
Robert Auerbach

Eighty five billion a month will seem tiny compared to the avalanche of the $1.863 trillion excess reserves exploding rapidly into the economy. That would devalue the currency, cause more rapid inflation and worry investors about a coming collapse.

Did Bernanke Change His Tune?

Harlan Green | Posted 08.20.2013 | Business
Harlan Green

Fed Chairman Bernanke seems to have abruptly switched sides in the stimulus debate. He said the purchases of bonds and mortgage securities could begin to be 'tapered' by the end of the year, if unemployment continues to fall. So why is Bernanke suddenly so optimistic about growth?

The Hunger Games Are Coming

Harlan Green | Posted 07.01.2013 | Business
Harlan Green

Since the 1970s, Republican economic policies have prevailed that diverted most of the fruits of prosperity to the wealthiest, so that the rest of U.S. have less to spend -- even though consumer spending drives 70 percent of economic activity.

Zach Carter

Wall Street Speculation Drove Oil Price Spike Higher, Federal Reserve Study Finds | Zach Carter | Posted 03.21.2012 | Business

WASHINGTON -- Two economists at the St. Louis Federal Reserve have published findings that indicate that Wall Street speculation is responsible for 15...

The Fed's Money Explosion and $76.9 Billion of Its Meaningless "Profit" Transferred to the Treasury

Robert Auerbach | Posted 03.31.2012 | Business
Robert Auerbach

The Fed bought securities that pay interest. After deducting its expenses the Fed sends the remainder to the Treasury to reduce the deficit. This intergovernmental transfer is an accounting gimmick and has no economic effect.

It's Basic Economics, Stupid -- Curing the Deficit

Harlan Green | Posted 09.11.2011 | Business
Harlan Green

What is holding up agreement of a debt ceiling increase is obvious. Republicans want to continue to shrink the middle class when they won't allow repeal of the Bush tax breaks. They do not understand the most basic economic Law of Supply and Demand.