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Without Excusing Geithner, This Is Bush’s Inflation

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

By John Tamny of RealClearMarkets

The recent spike in U.S. Treasury yields has generated renewed commentary about the specter of inflation. It’s even being asked if we’re repeating the inflationary mistakes of the late ’70s that occurred on Jimmy Carter’s watch.
 
In some ways Treasury Secretary Geithner added gasoline to the fire with his much laughed at recent suggestion that Chinese investments in Treasuries are safe, but the inflation we’re doubtless experiencing should in no way be solely blamed on our current Treasury head. Just as the Carter administration inherited massive inflation whose origins could be traced to the Nixon administration, the admittedly hapless Obama Treasury team is presently dealing with major monetary mistakes that originated under George W. Bush.

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Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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Douglas A. McIntyre |

Billions Meant for Struggling Homeowners May Pay Down Deficit Instead

By Lois Beckett, ProPublica, Aug. 25, 2011, 3:28 p.m.August 22, 2011 With housing prices dropping sharply, and foreclosure filings against…

Kiplinger Tax Letter Warns Capital Gains Indexing Could Slash Taxes by $7,000 on a Single $200,000 Sale
Michael Williams |

Kiplinger Tax Letter Warns Capital Gains Indexing Could Slash Taxes by $7,000 on a Single $200,000 Sale

The Kiplinger Tax Letter reports the Trump administration is weighing whether to index capital gains to inflation by executive action,…

The Treasury Is About To Launch a 9 Trillion Question Mark Into the Markets And Bond Vigilantes Are Likely To Push Rates Higher
Austin Smith |

The Treasury Is About To Launch a 9 Trillion Question Mark Into the Markets And Bond Vigilantes Are Likely To Push Rates Higher

24/7 Wall St. : The U.S. Treasury faces $9 trillion in debt refinancing by 2026, with rising interest payments set…

The Common IRA Mistake That Could Sabotage Your Retirement Plans
John Seetoo |

The Common IRA Mistake That Could Sabotage Your Retirement Plans

Baby Boomers who learned about finance from the 1960s-1980s developed their notions about financial risk, stocks, and bonds during the…

Douglas A. McIntyre |

Fed’s Best Bet Is To Sit On It Hands

Many of Ben Bernanke’s fellow Fed governors are sullen if not mutinous about the decision to buy in as much…

Federal Child Tax Credit: Millions of Eligible Families Didn’t Get CTC, But You May Still Claim It
247patrick |

Federal Child Tax Credit: Millions of Eligible Families Didn’t Get CTC, But You May Still Claim It

A recent audit by the Treasury Inspector General for the Tax Administration found that millions of eligible families didn’t receive…

Bond Ladders Have Lost 15-18% Over Five Years. Here’s What New Fed Chair Kevin Warsh Might Do Next.
Don Lair |

Bond Ladders Have Lost 15-18% Over Five Years. Here’s What New Fed Chair Kevin Warsh Might Do Next.

On a recent episode of the Retire SMART Podcast titled Bond Vigilantes, the host took aim at one of the…

Social Security 2025: How the Fed’s Interest Rate Decision Affects Next Year’s COLA 
Chris MacDonald |

Social Security 2025: How the Fed’s Interest Rate Decision Affects Next Year’s COLA 

The U.S. Federal Reserve’s larger-than-anticipated interest rate cut of half a percentage point lowered the benchmark federal funds rate to…

ZEUS: Climate change pushback rears in central bank circles, threatens markets
Trey Thoelcke |

ZEUS: Climate change pushback rears in central bank circles, threatens markets

By David Callaway, Callaway Climate Insights SAN FRANCISCO (Callaway Climate Insights) — Higher bond yields shaking markets these days with…

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