Two Myths about Central Banking

Two Myths about Central Banking

Fergus Hodgson, January 16, 2020

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The mainstream media and investors alike routinely attribute powers to the Federal Reserve that bear little resemblance to reality.

Scott Sumner, an economics professor and researcher with George Mason University’s Mercatus Center, dispels two common myths: that low interest rates always mean easy money and that the Fed directly controls interest rates.

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Furthermore, he argues current monetary policy should move away from its focus on inflation and instead adopt a market-driven approach: nominal GDP targeting.

This week in our Discovery Group segment, Tom Martin, director of Corporate Development with Ethos Gold (TSX: ECC), offers updates on the firm’s Quebec and British Columbia projects.





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