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Bad Advice More Popular Than Ever
A BOOK advising married women to have affairs has sparked renewed interest in really bad advice. Experts say Catherine Hakim’s The New Rules of Marriage, which claims that having affairs makes...
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The Fed Panicked
Here is the Fed Open Market Committee’s announcement of November 25, 2008 announcing the implementation of QE1, a $600 billion bond purchase program: This action is being taken to reduce the cost and...
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Volcker Appears to Dislike QE 3
Tall Paul Volcker and Jeff Harding agree (per The Telegraph): QE3 will not fix America’s problems Paul Volcker, the former Federal Reserve chairman credited with taming the inflationary threat of the...
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The Greatest Trick
“I believe in an America where millions of Americans believe in an America that’s the America millions of Americans believe in. That’s the America I love.” - US Presidential Candidate Mitt Romney....
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Par For The Pathological Course
Economic policymakers are like children in that they are held only partially accountable for their mistakes and misdeeds. And just as children learn to selectively deny responsibility to get away with...
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Wheelbarrows
“Sir, What could be more appropriate than rebranding euro bank notes with Europa* to improve security? The euro’s strength is a myth and its bosses’ attempted seduction is all bull.” - Clark McGinn,...
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The Curse Of The Reserve Currency
Is reserve currency status an economic blessing or a curse? The answer might seem obvious, as reserve currencies have been shown to confer lower borrowing costs on their issuers. But what of the...
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The Terminator
“Our Russian psychosis has two curious features. Firstly, that an 80 per cent Christian Orthodox society for some reason reacts to a Mayan calendar which no one has ever seen. And secondly, that the...
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Bernanke Loosens Up
This excellent article by Austrian theory economist Frank Shostak appeared Friday on Mises.org. — JH Bernanke Loosens Up December 21, 2012 On Wednesday December 12, 2012 Fed policy makers announced...
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The Trillion Dollar Coin
There has been much buzz in the past few days about a truly horrible idea. Instead of having to negotiate with Congress to raise the debt ceiling so the Treasury Department can sell more bonds to pay...
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