Comments on: McTeer on Dollars and Books

By: NY Tanning

NY Tanning — Thu, 31 Jan 2008 07:05:33 +0000

Thanks this post is delightful. I like your site.. thank you again

By: The_Scum

The_Scum — Sat, 27 Oct 2007 05:06:38 +0000

I think the Canadiens are getting fed up with paying more in Canada for the same product sold in the USA now that our dollar is trashed.

By: Elise Doran

Elise Doran — Mon, 15 Oct 2007 14:44:16 +0000

I’ve heard the internet rumors that the dollar’s value is dropping like a stone because the federal reserve does not back it up with anything of value(It used to be a gold standard now it is not- from what I’ve heard)
Just what does the F. R. have to back up it’s dollar?

I would feel better if the Fed started minting gold goins for those (like many others beside me) who have lost confidence in the paper and electronic money.

By: Jeff

Jeff — Wed, 10 Oct 2007 04:44:20 +0000

I am a former pol sci prof doing investment management. I write a lot about how government institutions are misinterpreted by financial market professionals.

I read your work and watch you on TV.

Here is a question: Most people see Bernanke as the personification of the Fed. This is partly because votes are unanimous. They figure that he is deciding everything, perhaps missing the dynamics of consensus-building that other former Fed members have written about.

I would find your views on this question most instructive.

Thanks,

Jeff

By: Jeff

Jeff — Sun, 07 Oct 2007 00:11:24 +0000

Dr.McTeer,

Can you explain to me how Monetary Base growth is still stable at two percent y/y? At a 4.75 Fed Funds rate, the Fed should be adding more liquidity to hit there target. Is this because Repos are only short term and don’t increase base growth because they come back to the Fed the next day? Also on the Feds balance sheet (H 4.1) I see reverse Repos but, on the New York Fed Bank temporary open market operations I only see Repos why is this? And can the Fed control Monetary Base and Fed Funds rate seperately?