Marty Wolfson is professor of economics emeritus at the University of Notre Dame. He was formerly an economist with the Federal Reserve Board.
Articles by this author
Sunday, December 20, 2015
The Fed Raises Rates...By Paying the Banks
The business and financial press has been abuzz with speculation about when the Federal Reserve would begin raising interest rates. After the meeting of its Federal Open Market Committee (FOMC) on December 15-16, the Fed ended the suspense by announcing that it was raising its target federal funds...
Tuesday, January 22, 2013
“Free-Market” Outcomes Are Not Fair—and Not Free
“Since 1980, the U.S. government has reduced its intervention in the U.S. economy, which has become much more of a free market. Conservatives applaud this development because they think that free-market outcomes reward talent and hard work; progressives object to the income inequality of free-market outcomes and want to use government tax and transfer policy to reduce inequality.”