Questioning Assumptions about The Federal Reserve (Summary)

Previous Post: Time to Rethink Beginning of Series: Part I Learning Loops and Examining Assumptions History is littered with examples of people operating based on flawed assumptions. Fortunately, there is also a history of people challenging those assumptions. Operating using flawed assumptions over and over again can be referred to as single-loop learning. To challenge … Continue reading Questioning Assumptions about The Federal Reserve (Summary)

Questioning Assumptions about The Federal Reserve (Part IV)

Previous Post: Second Loop Beginning of Series: Beginning Time to Rethink Fed Assumptions? Introduction Imprecise language can work when we agree on the true meaning. We still refer to sunrise and sunset, even though we nearly all know it does not work that way. But do we understand the operation of the Fed so well … Continue reading Questioning Assumptions about The Federal Reserve (Part IV)

Questioning Assumptions about The Federal Reserve (Part III)

Previous in Series: First Loop Beginning of Series: Beginning A Second Loop - New Assumptions About the Fed The recent explosion in price inflation has caused many commentators to ask, "When will the Fed act to tame this inflation?" "When will the Fed raise interest rates?" In response to the price inflation, the Fed has … Continue reading Questioning Assumptions about The Federal Reserve (Part III)

Questioning Assumptions about The Federal Reserve (Part II)

First of Series: Learning Loops The First Loop - Some Background on the Fed Because of the current inflation problem, it may be time to examine widely held assumptions about the Fed and its influence on the money supply and interest rates. To examine some of these assumptions, I need to explain a few things … Continue reading Questioning Assumptions about The Federal Reserve (Part II)

Questioning Assumptions about The Federal Reserve (Part I)

Learning Loops and Flawed Assumptions Congress formed the Federal Reserve System roughly 110 years ago. Over that period of time The Fed has undergone numerous changes in policy and operation, yet popular assumptions about The Fed have lagged behind those changes. Since Fed watchers and commentators place a high level of importance on the actions … Continue reading Questioning Assumptions about The Federal Reserve (Part I)