Tag Archives: interest rates

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

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 4: Lessons from History

The last century proved that the economic recovery requires a liquidation of the market.  In 1916, the U.S. was on the verge of entering World War 1.  President Wilson needed access to the Fed’s ability to create money to fund the war.  The Federal Reserve Act was revised to allow the Fed to hold treasury

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%