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John Taylor: The Republicans' Shadow Fed Chairman

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Raghuram Rajan on the risks to the U.S. economy and society before the 2008 financial crisis

01/02/2009

Is Bernanke making the same mistake made by Greenspan by keeping interest rates too low for too long. Would a stronger safety net in the US ease pressures on the US Federal Reserve to do excessive monetary easing and instead allow the Fed to let a more natural rise in employment take place? He isn't ideological and joins John Taylor, George W Bush's economic advisor, and Allan Meltzer of Carnegie-Mellon, in questioning Bernanke's excessive monetary easing. In 2005, Rajan was prescient in questioning the Greenspan Fed's policies and the risks from excessive leveraging in the financial system at the Jackson Hole conference.

Grouped Articles

Mr. Rajan Was Unpopular (But Prescient) at Greenspan Party

Wall Street Journal 01/02/2009

Interest Rates: The Zero Percent Solution

BusinessWeek 08/25/2010

Tom Keene's Econo Chat

BusinessWeek 11/04/2010

The Case Against the Bernanke-Obama Financial Rescue

New York Times 05/16/2014

Charting the Economic Fault Lines

BusinessWeek 02/10/2011

Ben Bernanke's '70s Show

Wall Street Journal 02/05/2011

Allan Meltzer's action plan for the economy includes reversing the excessive monetary easing starting now in October 2009 so that it can be done gradually and not hurt the economy through sudden contraction later on.

10/01/2009

Allan Melzer was co-founder an co-chairman of the Shadow Open Market Committee for over two decades, advisor to Presidents Kennedy and Reagan, and one of the foremost experts on the Federal Reserve System. He calls for the U.S. Federal Reserve to adopt an early exit strategy from loose monetary policies.

Grouped Articles

Once Again, the Fed Shies Away From the Exit Door

Wall Street Journal 07/11/2013

Bhidé and Phelps: Central Banking Needs Rethinking

Wall Street Journal 07/16/2013

Preventing the Next Financial Crisis

Wall Street Journal 10/23/2009

Is the U.S. Economy Turning Japanese?

Wall Street Journal 10/27/2009

Banking on the banks

Economist 10/15/2009

Jobs Now, Deficit Reduction Later

BusinessWeek 10/29/2009


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