Monetary Policy

Alan Greenspan’s Inflation Problem

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Federal Reserve Chairman Alan Greenspan has informed the American people that they can expect to see higher interest rates for the rest of the year. In his recent testimony before the Congressional Committee on Banking and Financial Services, Greenspan stated that the unprecedented growth in production and employment in ... [click for more]

Wrong Again, Mr. President

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Leave it to President Clinton to do the right thing in the wrong way. Last week the President announced that he would forgive, with Congress's consent, more than $5 billion in loans that 36 poor nations owe the U.S. government. This in itself is entirely proper for one simple reason: the governments ... [click for more]
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