The Road Ahead For The Fed

Expert contributors examine the recent actions of the Federal Reserve and suggest directions for the Fed going forward by drawing on past political, historical, and market principles. They explain how the Fed arrived at its current position, offer ideas on how to exit the situation, and propose new market-based reforms that can help keep the Fed on the road to good monetary policy in the future.

The Federal Reserve currently has more than $3.3 trillion in assets, which by the way, also makes it the largest bank in the world. This article discusses the reasons for the tremendous growth in the Fed's balance sheet during the past six years. It also discusses the problem the Fed faces as it unwinds this huge portfolio over the next few years.

The US higher education system is on the verge of a revolution, so some observers claim. Archibald and Feldman, leading analysts, provide an incisive overview of the challenges facing and possibilities for America's universities and colleges in their training future generations. And they demonstrate that our higher education system is resilient and adaptable enough to weather the internal, external, and technological threats without changing campuses beyond recognition. The Road Ahead for America's Colleges and Universities examines the threats posed to the current health of higher education by rising tuition and falling government support, as well as from new digital technologies rippling through the entire economy. Some predict disaster, pointing to high costs, exploding debt, and a digital tsunami that supposedly will combine to disrupt and sweep away many of the nation's higher education institutions, or change them beyond recognition. Archibald and Feldman provide a more nuanced view. They argue that the bundle of services that four-year colleges and universities provide will retain its value for the traditional age range of college students. Less certain, Archibald and Feldman argue, is whether the system will continue to be a force for social and economic opportunity. The threats are most dire at schools that disproportionately serve America's most underprivileged students. At the same time, growing income inequality reduces the ability of many students and their families to pay for higher education. Archibald and Feldman suggest a range of policy options at the state and federal level that will help America's higher education system continue to fulfill its promise.

In the post-meltdown world, it is irresponsible, ineffective, and ultimately useless to have a serious economic debate without considering and challenging the role of the Federal Reserve. Most people think of the Fed as an indispensable institution without which the country's economy could not properly function. But in End the Fed, Ron Paul draws on American history, economics, and fascinating stories from his own long political life to argue that the Fed is both corrupt and unconstitutional. It is inflating currency today at nearly a Weimar or Zimbabwe level, a practice that threatens to put us into an inflationary depression where $100 bills are worthless. What most people don't realize is that the Fed -- created by the Morgans and Rockefellers at a private club off the coast of Georgia -- is actually working against their own personal interests. Congressman Paul's urgent appeal to all citizens and officials tells us where we went wrong and what we need to do fix America's economic policy for future generations.

America's future depends on a vibrant highway system capable of supporting industry and the travel needs of its citizens. The country's highway system can trace its roots to the movements of major armies in colonial times, such as British General Braddock using George Washington's assistance in a disastrous attack of French forces defending Ft. Duquesne. These early roads developed into the engineering marvels of today's modern highway system. But this system is in serious trouble. Inadequate funding and poor management are responsible for its gradual deterioration, and along with it, the U.S. economy. A broad range of solutions can solve this problem, some of which involve transforming public transportation agencies into privately operated utilities. Many of these exciting solutions also offer the potential to solve America's funding problems. This book is must-reading for anyone concerned with America's future, as it shows us The Road Ahead... About the Author: Philip Tarnoff received an electrical engineering degree from Carnegie Mellon University and a master's degree from New York University. He is retired from his most recent full-time job as director of a research center at the University of Maryland. Tarnoff was the president of a major transportation systems integrator and is currently working part-time as a consultant. He is also chairman of the board of a start-up company that produces devices for measuring traffic flow. He lives in Rockville, Maryland http: //SBPRA.com/PhilipTarnoff

The Federal Reserve is one of the most disliked entities in the United States at present, right alongside the IRS. Americans despise the Fed, but they’re also generally a bit confused as to why they distrust our central bank. Their animus is reasonable, though, because the Fed’s most famous function—targeting the Fed funds rate—is totally backwards. John Tamny explains this backwardness in terms of a Taylor Swift concert followed by a ride home with Uber. In modern times, he points out, the notion of credit has been perverted, so that most people believe it’s money and that the supply of it can therefore be increased. This false notion has aggrandized the Fed with power that it can’t possibly use wisely. The contrast between the grinding poverty of Baltimore and the abundance of Silicon Valley helps illustrate the problem, along with stories about Donald Trump, Robert Downey Jr., Jim Harbaugh (the Michigan football coach), and robots. Who Needs the Fed? makes a sober case against the Federal Reserve by explaining what credit really is, and why the Fed’s existence is inimical to its creation. Readers will come away entertained, much more knowledgeable, and prepared to argue that the Fed is merely superfluous on its best days but perilous on its worst.

Reveals how the Federal Reserve under Paul Volcker engineered changes in America's economy.