The Federal Reserve is a hundred years old this year. There’s not a whole lot to celebrate in its century long history–the intention might have been good, but the execution has kind of been disastrous. In tonight’s film, Money for Nothing: Inside the Federal Reserve, our guest filmmaker Jim Bruce takes us through the history of the Federal Reserve System and into the current mess.
|By: Lisa Derrick Monday September 23, 2013 4:59 pm|
|By: David Dayen Friday September 21, 2012 6:45 am|
I don’t know whether this is a positive sign about policymakers recognizing the depth of our economic problems, or a negative sign about the depth of our economic problems. But the President of the Minneapolis Federal Reserve, Narayana Kocherlakota, set a target unemployment rate he would like to see before the Fed raises the federal funds rate from its current position at 0%. This is seen as a shift for Kocherlakota, who had a far greater fear about inflation in the past.
|By: Jon Walker Tuesday May 29, 2012 1:45 pm|
Of all the European countries surveyed by Pew it was only Germany where a majority of people believe European economic integration has strengthened the economy. In most other European countries the people believe it has weakened their economy. And while many do not like the Euro, they still may want to stay within the Euro for fear of the alternatives.