Tag: trump

Written by Mike Sandifer

The Fed’s Problem is Inflation Targeting

There are many problems with the way the Federal Reserve sets monetary policy, but for now I want to focus on just the problems associated with inflation targeting. The first problem with inflation targeting is that it causes the Fed to decrease the money supply at times when doing so increases the impacts of negative […]

Written by Mike Sandifer

Why Markets are Having Problems

The primary reasons for the large losses and high volatility in US stock markets lately are as follows: Trump’s tariffs have lowered real GDP.  Many companies are smarting from tariffs on steel and aluminum, as well as on imported components, along with retaliatory tariffs on their exports to China, for example.  To make things worse, […]