Tag Archives: federal reserve
The Biggest Baddest Bubble of All
“The Fed is ‘like a wet blanket all over the economy,”’ said David Stockman on The Daily Ticker on Tuesday. “Everything is being micromanaged by them … they will fail and take private enterprise economy down with it.” The former … Continue reading
Open Season on Savers
Austrian economist Ludwig von Mises called it time preference. That is, the assumption that, all else being equal, people prefer attainment of a given end sooner rather than later. People prefer present satisfaction over future satisfaction. These days’ people’s time … Continue reading
Dark Clouds on the Horizon
Wow! Just when we thought we’d seen it all, something fantastic happened. What a delightful treat… The tiny island nation of Cyprus has the whole European continent welcoming spring with the frosted hearts of a December blizzard. For a brief … Continue reading
On Price Distortions and Landmines
Former Federal Reserve Chairman Alan Greenspan told CNBC on Friday that the Dow’s new highs and 10-day run were not the result of “irrational exuberance.” On cue, the Dow took a 25 point nose dive…closing out the day with its … Continue reading
