Tag Archives: janet yellen

The New Era of Fed Activism

Posted on October 15, 2013 by MN Gordon

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 →

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Janet Yellen’s Bad Idea

Posted on October 11, 2013 by MN Gordon

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 →

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Beardless Ben and Bad Bet Summers

Posted on August 13, 2013 by MN Gordon

Plenty of ink has been spilled lately brooding over who’ll be the next Fed Chairman when Ben Bernanke’s term concludes on January 31, 2014.  Here at the Economic Prism we really don’t give a rip who the next monetary Caesar … Continue reading →

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