NCPA Commentaries by Bob McTeer

Bob McTeer is a Distinguished Fellow at the National Center for Policy Analysis (NCPA), covering macroeconomic issues, including monetary policy, fiscal policy, tax and education policy

Bob is best known for his 36-year career with the Federal Reserve System, including 14 years as President of the Federal Reserve Bank of Dallas and member of the Federal Open Market Committee (FOMC).

  • Jul 03, 2014

    The President’s Minimum Wage Proposal

    Forbes: Denying the negative consequences of raising the minimum wage leaves supporters of the proposal vulnerable to “reduction ad absurdum,” says NCPA Distinguished Fellow Bob McTeer in a Forbes commentary.


  • Jun 24, 2014

    Exporting Energy

    Forbes: Comparative advantage doesn’t always lead to complete specialization, and trying to force total energy independence may not be economically sound, says NCPA Distinguished Fellow Bob McTeer in a Forbes commentary.


  • Jun 24, 2014

    The Fed Governor Shortgage: Where It Really Hurts The Central Bank

    Forbes: Leaving seats empty on the Federal Reserve Board limits the ability of the board to institute change or propose fresh ideas, says NCPA Distinguished Fellow Bob McTeer in a Forbes commentary.


  • Jun 23, 2014

    The Foreign Trade Imbalance

    Forbes: The U.S. dollar is not threatened by benign neglect of the balance of payments, says NCPA Distinguished Fellow Bob McTeer in a Forbes commentary.


  • Jun 05, 2014

    The ECB's Negative Interest Rate: The Fed May Be Forced To Follow Its Lead

    Forbes: If the Federal Reserve followed the ECB’s lead and reduced the interest it pays on deposits, it could encourage banks to lend or invest their reserves more aggressively, says NCPA Distinguished Fellow Bob McTeer in a Forbes commentary.


  • Jun 02, 2014

    Monetarist vs Keynesian: Velocity Is the Key

    Forbes: Using the Keynesian framework can be useful in determining the recent performance of the economy in greater detail, says NCPA Distinguished Fellow Bob McTeer in a Forbes commentary.


  • May 20, 2014

    The Ted Spread

    Forbes: NCPA Distinguished Fellow Bob McTeer defines “the Ted spread” and what it means for the U.S. economy in a Forbes commentary.


  • May 08, 2014

    Falling Dollar? It Depends on Your Index

    Forbes: The DXY dollar index, the current system used to measure the strength of the dollar is a “mighty poor index” which only takes six currencies into account, according to a Forbes commentary by NCPA Distinguished Fellow Bob McTeer.


  • May 08, 2014

    How The Fed Fuels The Coming Inflation: What WSJ And Allan Meltzer Got Wrong

    Forbes: Inflation has been low due to the slow growth in the money supply adjusted for velocity, not postponed in spite of bank reserves, says NCPA Distinguished Fellow Bob McTeer in a Forbes commentary.


  • Apr 30, 2014

    Wage Inflation? Forget About It

    Forbes: Higher wages don’t cause inflation alone, but they can be a factor, says NCPA Distinguished Fellow Bob McTeer in a Forbes commentary.