There are two conflicting theories on how or even if monetary policy should play a role in stabilizing asset price booms and busts. If central banks use interest rate hikes sufficient to curb leverage and curb booms it might also boost unemployment and lower inflation, deviating from the central bank’s goals of full employment and price stability. The alternative is to concentrate on those dual goals and allow financial regulation and supervision to deal separately with threats to financial stability.
Hippies, hikers and luxury travelers all agree Sedona is the place to be
By David Weiss | Wall Street Journal YOU’D THINK the eye-popping topography of Sedona—the ancient roseate cliffs, the red-rock spires—would be its main draw. But the