CERF Blog

Let’s see: The President wants to double exports in five years.* The Treasury is the appropriate department to create and implement a plan to double exports. Tim Geithner runs the Treasury. Tim Geithner denies deliberately weakening the dollar. See why I’m having cognitive dissonance here?  How can you possibly double exports without lowering the cost… Read more

There has been a fair amount of chatter lately saying that the Feds are keeping banks from lending. The story goes something like this: Banks can borrow from the Fed at rates near zero. Then, they can purchase Treasuries for about three percent. Voila, banks have a three percent risk-free return, and no incentive to… Read more