In the future, my communications with the public and with the markets will be entirely through regular and formal channels.
It's true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.
If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.
The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.
Developments in financial markets can have broad economic effects felt by many outside the markets.
The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.
The amount of currency in circulation is not changing. The money supply is not changing in any significant way.
The central bank needs to be able to make policy without short term political concerns.
It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.
The downturn following the collapse of Japan's so-called bubble economy of the 1980s was not as severe as the Great Depression.
The children of the unemployed achieve less in school and appear to have reduced long-term earnings prospects.
The central bank needs to be able to make policy without short term political concerns.
The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.
The banks have accounts with the Fed, much the same way that you have an account in a commercial bank.
The amount of currency in circulation is not changing. The money supply is not changing in any significant way.
Rents should begin to decelerate as the demand for owner-occupied housing stabilizes and the supply of rental units increases.
Remember that physical beauty is evolution's way of assuring us that the other person doesn't have too many intestinal parasites.
Our financial system is so complicated and so interactive - so many different markets in different countries and so many sets of rules.