Tag Archives: federal reserve

The State of Ohio’s Economic Problems, Pt. 1

The State of Ohio’s Economic Problems, Pt. 1

There has been much talk recently of an economic comeback in Ohio since the 2008 financial crisis. Ohio was notably hit hard by the economic downturn. Now we constantly hear about Ohio’s rising tax revenues, a Budget Stabilization Fund balance of over $1 billion, and a slowly falling unemployment rate. In fact, a recent study

Janet Yellen Will Consume Our Economy with Fireballs from Her Eyes

President Obama has nominated Janet Yellen as the next chairman of the Federal Reserve. Much hype has surrounded Yellen since her name appeared on the short list for the chairmanship.  Yellen was always Wall Street’s first choice because of her dovish views on inflation.  Obama is apparently fond of Yellen too. One of Yellen’s greatest

Our Coming Economic Collapse, Part 5: The Crash

Rather than dealing with the destruction from the artificial booms in the 1990s and 2000s, our politicians and the Fed are now trying to keep the artificial booms propped up with stimulus.  We should have had a deep and severe economic crisis in the early 2000s as a result of the 1990s artificial boom.  However,

Our Coming Economic Collapse, Part 3: Our Recent Boom & Bust Cycles

The cycle of artificial booms and busts described in Part 2 of this series happened under the Clinton and Bush presidencies.  In the early 1990s, the Funds rate was 8%. By 1993, the year of Clinton’s infamous tax increase, the Funds rate was in the 3% range and the Funds rate stayed in the 4-5%