Thoughts on business school, economics, NC State, and everyday life from an economist at NC State's business school
Thursday, August 28, 2014
Kudos to the Fed
Chicago Booth finance expert (and all-around free-market kind of guy) John Cochrane has a great WSJ piece on how and why the Federal Reserve Board has made the right call on a set of very big decisions. If you happen to run into a politician ranting against the Fed, I strongly encourage you to ask him/her how he/she disagrees with Cochrane, a world-class finance expert who expresses his views on his well-read blog Grumpy Economist. My guess is that you will not get a straight answer.
Steve Allen is Associate Dean for Graduate Programs and Research in the College of Management at NC State University. He has appointments in the Department of Economics as well as the Department of Management, Innovation, and Entrepreneurship. Steve also is a Research Associate of the National Bureau of Economic Research, a non-profit research organization located in Cambridge, Mass.