Tag Archives: federal reserve
“We Know Better!”
Monetary intervention into credit markets is much easier to start than to stop. In fact, once started, monetary intervention is nearly impossible to stop. Just ask Fed Chairman, Ben Bernanke. He’s promised to expand the Fed’s balance sheet by over … Continue reading
Blowing Gas
Things sure do change. Several years ago the personnel working the freeway off ramps in Long Beach, California, were immigrants from Mexico. They were selling oranges and roses to working stiffs on the way home from their cubicle jobs. These … Continue reading
The Malady of the Federal Reserve
Ben Bernanke and his pals at the Federal Reserve are meeting today to come up with their next plan for manipulating credit markets. Tomorrow they’ll let us know their grand designs for monkeying with the money supply and interest rates. … Continue reading
Facing the Facts of Financial Doom
Our politicians’ appetite to spend money they don’t have will never be satisfied. There’s always a boondoggle or meritless program in need of pork. Likewise, there’s always a politician or representative in need of votes. Spending other people’s money brings … Continue reading
