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monetary policy

Anti-Fed Rep. Jeb Hensarling Retiring, Allen West Considering Comeback Bid For Open Seat

November 6, 2017
News/Politics

Rep. Jeb Hensarling (R-TX), the Chairman of the House Financial Services Committee and a staunch critic of the Federal Reserve, has announced that he is retiring from Congress at the end of his term to a statement released to the press. “Today I am announcing that I will not seek re-election to the U.S. Congress in

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Fed Chair Yellen: The Economy May Be Weaker than We Thought

September 30, 2017
Economics

Federal Reserve Chair Janet Yellen this week cast doubt on the Fed’s announced plan to continue Fed rate hikes and reverse its years of “unconventional” monetary policy. “My colleagues and I may have misjudged the strength of the labor market,” Yellen announced on Tuesday, adding that they’d also misjudged “the degree to which longer-run inflation

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Hayek, Statistics, and Trade-Cycle Theory

January 15, 2015
Economics

Austrian economics is often caricatured and criticized because of its approach, or deliberate lack of an approach, to mathematical models, multivariable calculus, and econometrics. Attacks are leveled against Austrians such as Mises, Rothbard, and Kirzner for their failure or refusal to avail themselves of applied empirical research in their scholarship. The Austrian methodology most frequently

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