The Anguish of Central Banking
Central bankers, despite their avowed antipathy to inflation and the powerful weapons they could wield against it, have failed utterly in this mission in recent years.
By ALEX J. POLLOCK
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Mr. Pollock is a Senior Fellow at the Mises Institute, the author of ‘Finance and Philosophy — Why We’re Always Surprised’ and co-author of ‘Surprised Again! The Covid Crisis and the New Market Bubble.’
Central bankers, despite their avowed antipathy to inflation and the powerful weapons they could wield against it, have failed utterly in this mission in recent years.
By ALEX J. POLLOCK
||Columnists
We are in the late stages of a bubble in real estate prices, with deflation looming.
By ALEX J. POLLOCK
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The opacity the Federal Reserve once maintained had a huge advantage for the central bankers themselves. It hid the fact that they did not know.
By ALEX J. POLLOCK
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In which our columnist questions his readers.
By ALEX J. POLLOCK
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It’s staring the new chairman of the central bank squarely in the face.
By ALEX J. POLLOCK
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And some startling answers from the Sun’s monetary columnist.
By ALEX J. POLLOCK
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Whether our central bank should or could shrink, and if so, how much, has become a topic of public debate.
By ALEX J. POLLOCK
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America’s central bank is having trouble scaling back what was meant to be a ‘temporary’ rise in its balance sheet under the so-called ‘Quantitative Easing’ effort.
By ALEX J. POLLOCK
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At the moment, the Federal Reserve boasts that it ‘does not own’ the monetary metal.
By ALEX J. POLLOCK
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Instead, estimates suggest, its gamble on bonds and mortgages has cost the Treasury more than $500 billion
By ALEX J. POLLOCK
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Home prices are now 77 percent above their peak in the housing bubble of the early 2000s.
By ALEX J. POLLOCK
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Our still-young 21st century has already had two bubbles in United States house prices.
By ALEX J. POLLOCK
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