Tag Archives: federal reserve
The New Era of Fed Activism
The basic characteristic of an overextended government is that its institutions are rotten. Take the U.S. Post Office, for instance. It lost $15.9 billion in 2012. That’s over $43.5 million per day – flushed down the toilet – for an … Continue reading
Janet Yellen’s Bad Idea
Yesterday something quite remarkable happened. House Republicans and President Obama talked. We don’t know what it was they talked about. But, perhaps, it had something to do with raising the debt ceiling. Wall Street was elated. The DOW and the … Continue reading
The Economic Recovery that Never Was
“There are three kinds of lies,” observed Mark Twain. “Lies, damned lies, and statistics.” Perhaps Twain had government economic reports in mind when he made his famous quip. For example, a quick glance at the headline unemployment numbers published Friday … Continue reading
Things Are Getting Better and Other Popular Lies
The President says things are getting better. The economy’s improving. There will be prosperity for all in our time. But if you live outside the Washington beltway, and earn your living through honest means, you know this is essentially a … Continue reading
