Canadian central bank chief Mark Carney, who will become governor of the Bank of England in June, caused a stir on both sides of the Atlantic when he appeared to endorse a new monetary policy based on nominal gross domestic product (NGDP) targeting. A fresh approach to the current policy, which has manifestly failed to guarantee macroeconomic stability, is certainly long overdue. But could NGDP targeting have really prevented the financial meltdown and the ensuing recession as its advocates claim? Unlikely, says Tom Clougherty. Central banks lack both the power and the knowledge needed to deliver stable economic growth.
Surely Rudy Giuliani's 'Conclusive Proof' of Machine-Based Election Fraud Will Save Him From Dominion's $1.3 Billion Defamation Lawsuit
The company says Donald Trump's leading lawyer perpetrated "a viral disinformation campaign" based on "demonstrably false" charges.
"The only people who broke the law here were the police officers and TBI agents who participated in this flagrantly unconstitutional arrest."
The Washington Post Tried To Memory-Hole Kamala Harris' Bad Joke About Inmates Begging for Food and Water
At a time when legacy publications are increasingly seen as playing for one political "team" or the other, this type of editorial decision will not do anything to fix that perception.
Union leaders shame parents, arguing that equity gaps will widen if parents pull their children out of public schools.