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).
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Dec 16, 2010 QE2, Trade and Black Box Economics
Forbes: Bob McTeer's latest Business in the Beltway commentary on QE2 and trade.
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Dec 14, 2010 Why The Tax Deal Is A Good Deal
Forbes: Distinguished Fellow Bob McTeer explains why the recent tax deal is good news.
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Nov 17, 2010 'Governments Don't Create Jobs; Only the Private Sector Creates Jobs.' Really?
FORBES.com - Robert McTeer's commentary on misconceptions about government's role in job creation.
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Nov 15, 2010 The Real Problem With Obama's Tax-Cut Priorities
Forbes.com -- Bob McTeer's commentary on Forbes.com about fiscal crisis, recession and recovery.
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Nov 11, 2010 Dear Debt Commission: Thanks, We Needed That - Forbes
Distinguished Fellow Bob McTeer has a short analysis of the national debt commission
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Nov 10, 2010 Bob McTeer: Pots calling the kettle black – Dallas Morning News
Distinguished Fellow Bob McTeer weighs in on domestic monetary policy
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Nov 09, 2010 Gentle Ben And The Goldilocks Economy – Forbes
Distinguished fellow Bob McTeer on the latest federal efforts to stimulate the economy
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Dec 17, 2008 The Fed's Historic Move
The Federal Open Market Committee's action on Dec. 16 was historic in its boldness and its willingness to go further into unchartered waters. In addition to reducing the target Fed Funds rate from 1% to a range between 0% and 0.25%, the FOMC promised to use open market operations and other measures to sustain the increased size of its balance sheet.
Click here to read the entire commentary.
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Dec 15, 2008 Make Fair Value Fair
The last time I looked I couldn't find mark-to-market accounting in the Constitution of the United States. It must be the eleventh commandment because it's obviously sacred. I understand the President has the authority under the Emergency Powers Act, or some such legislation, to suspend the Bill of Rights in case of a national emergency. Well, we have a national emergency, so mark to market must be more important than the Bill of Rights.
Click here to read the entire commentary.
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Dec 10, 2008 The Impact of Foreign Trade on the Economy
Foreign trade has become more important to our economy in recent years. Exports and imports of goods and services have grown rapidly. A growing trade volume benefits our standard of living in several ways, but, as the recession deepens, my focus here will be limited to the impact of the trade balance on America's gross domestic product and, by implication, its job market. G.D.P and employment generally move in the same directions; so what I say about the impact on G.D.P generally applies to employment as well.
Click here to read the entire commentary.
