An Intellectual Revolution on Money
As the British Parliament debated the outbreak of the American Revolution one arrogant member of the House of Commons referred to the colonists as illiterate farmers. Edmond Burke, the father…
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Steve Lonegan
10 posts
Steve Lonegan is Director of Monetary Policy for the American Principles Project.
Negative Interest Rates? Is the Fed Delusional?
The latest jobs report is lackluster — just 142,000 jobs were added to the economy in September. The labor force participation rate is now down to its lowest level since…
The Missing Fed
The Federal Reserve is the most powerful unelected financial powerhouse in the world. Its impact on our economy and financial markets is staggering. Yet this unaccountable institution and its role…
On Constitution Day, Congress Abdicates Constitutional Responsibilities to Fed
Two hundred and twenty eight years ago today, thirty nine delegates gathered in Philadelphia to sign the Constitution of the United States. This profound document states clearly in Article I, Section…
Wake Up, Conservatives!
Several ThePulse2016 contributors, including Steve Lonegan, Ralph Benko, Frank Cannon, Terry Schilling, Shane Vander Hart, and others, have flown out to Jackson Hole, Wyoming, for a historic monetary policy conference…
Fed Decision-Making Plagued by Paralysis and Inaction
Yesterday’s Fed statement is reminiscent of Goldilocks and the Three Bears. The first porridge was too hot, the second too cold. Where was the one that was just right? The…
More Bad News in June Jobs Report
In recent months, analysts have been pointing to a supposedly improved job situation for workers. Voluntary minimum wage increases at companies like Walmart allegedly pointed to an upward movement in wages…
Yellen to Hillary: What’s the Problem?
Yesterday, the Federal Reserve announced that it is maintaining its existing policy of historically low interest rates, stating that the policy “remains appropriate.” When asked at the news conference about…
There Is Less to the Employment Numbers Than Meets the Eye
Today’s headlines trumpet the gain of 280,000 jobs in May and the additional 32,000 jobs in the previous two months. This good news, however, masks the disappointing numbers that come…
Another Jobs Report, Another Disappointment
The headlines today don’t tell the whole story. While 223,000 new jobs in April sound like a positive development for our economy, the cold, harsh reality is that millions of…
