print logo

Articles by Vincent R. Reinhart

Rebels without a Clue Thursday, July 28, 2011
Timothy Geithner will go to great lengths to avoid missing a payment of interest or principal on the debt. But, to honor that constitutional precedent, he may ...
How the Fed Should Operate in Treacherous Waters Thursday, March 17, 2011
Federal Reserve Chairman Ben Bernanke would be wise to learn from the Titanic and slow his second experiment with quantitative easing, the expansion of the ...
Auditing the Fed Tuesday, February 15, 2011
Senator Rand Paul and Representative Ron Paul are right to seek increased oversight of the Federal Reserve’s monetary policy, but their legislation is an ...
Getting Lehman Profoundly Wrong Tuesday, September 21, 2010
The bankruptcy of Lehman Brothers is widely misunderstood: We have inverted a morality tale about individual recklessness to become one about collective ...
Setting the Table for Fiscal Restraint Tuesday, July 20, 2010
A Federal Reserve program of buying longer-term securities is the right policy for now and makes the right policy more likely in the future.
Toward a More Perfect (European) Union Friday, May 21, 2010
German authorities probably saw monetary union as a stepping-stone toward tighter political union. Building a $1 trillion bailout reserve, requiring more ...
The Deflation Club Tuesday, April 27, 2010
Declining inflation, veering into outright price declines (or deflation) in some countries, continues to be a major risk to the global economy.
Geithner and Bernanke Are Wrong about Fed Power Wednesday, March 31, 2010
Letting the Federal Reserve keep a hand in bank supervision and regulation is a mistake.
Bernanke’s Confidence Game Wednesday, February 24, 2010
The Federal Reserve chairman bets that mastering tactics will restore faith in an otherwise-undefined future. It’s a difficult trick to pull off.
The Crack-up Wednesday, January 27, 2010
The administration might be settling for superficial progress on financial reform to avoid being on the wrong side of public anger; a better approach would ...
When the Fed Was Boring Thursday, October 29, 2009
Sometimes people ask if I miss working for the Federal Reserve. Perhaps if it continues expanding its fiefdom.
The Peril of Anointing a Favored Financial Few Wednesday, October 14, 2009
The Obama administration’s financial reform package hits the trifecta of bad policy making.
Pluck of the Irish Friday, September 25, 2009
The finance minister of Ireland announced a plan to ransom the hostage economy. Others should follow suit.
The Perfect Financial Storm Fallacy Friday, July 31, 2009
Calling what has happened over the past two years a ‘perfect storm’ treats problems in financial markets as if they were imposed from outside by a force of ...
Simple Rules for a Complex Financial World Thursday, July 30, 2009
Complexity has been the bane of our financial system for decades and cannot be the solution going forward.
When They Were Young Thursday, July 16, 2009
Why look back to the last time that Messrs. Geithner and Summers ‘saved the world’? Because they are doing it again in the same way.
The High Cost of Getting the Story Wrong Tuesday, June 2, 2009
The narrative first written about the Great Depression was wrong in many important respects. Likewise with today’s crisis, the initial narrative is badly ...
The Nationalization Paradox Thursday, March 12, 2009
Americans are rightly skeptical of bank nationalization. But we might need to proceed anyway.
Preemptive Strikes Against Inflation Wednesday, January 28, 2009
Here are two reforms that could help the Fed avoid inflation when the crisis passes.
The Fed's Big Experiment Monday, November 3, 2008
America has embarked on one of the boldest ventures in the history of monetary economics.
A Bill That Deserved to Pass Monday, October 6, 2008
Henry Paulson has been granted broad authority to purchase troubled assets. Now it’s time for him to buy, buy, buy.
Secretary Paulson’s Double-Dog Dare Thursday, September 18, 2008
The line in the sand that Treasury drew over the weekend was obscured within a few days.
Messages from Merrill’s Misfortunes Tuesday, August 5, 2008
Last week’s big announcement by a Wall Street investment giant contains dark warnings about our economic future.
Risky Business Wednesday, July 23, 2008
With Fannie and Freddie, is the government mistaking a ‘first-generation’ crisis for a ‘second-generation’ crisis?
Peter Pan Goes to Wall Street Tuesday, April 15, 2008
Participants in the subprime mortgage market had a ‘Never-Never Land’ attitude. Now we must clean up the mess.
The Fed’s New Alphabet Soup Monday, March 24, 2008
Federal Reserve officials have effectively rewritten the rules on the role of a central bank in a market economy.