What the Fed Can Learn From the McDonald’s Dollar Menu
We live in parallel universes. Federal Reserve Chairman Ben Bernanke is said to have a healthy concern about deflation. McDonald’s franchisees, on the other …
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Yellen, the Most Qualified Since Arthur Burns
There’s plenty of gushing about the Janet Yellen appointment as Federal Reserve Chairman. Yale economist Robert Shiller says she’s “a real mensch.” Greg Mankiw …
More Drugs… More Drones… More Credit-Pushing Drivel
“Dad, I’ve got to do something,” begins a panicky letter from one of the children. “When I changed my job status, I lost my …
How to “Fed Proof” Your Wealth
Stocks settled down recently. The Dow dropped 40 points. Either the market had already priced in “QE forever”… or investors are starting to wonder. …
Thank You, TSA, NSA, FBI, and CIA!
Today, we take time out from our regularly scheduled programming to thank the people who rule us. To the TSA agents at airports… to …
This Car Won’t Move
The latest unemployment data reveal the hope and tragedy of the American economic plight. Cheers went up for a modest increase in hiring, one …
The Great Disconnect
Ben Bernanke began his press conference with a touching tribute to the unemployed. Oh, how he cares! And so deeply! His description of the …
The Fed’s Men Behind the Curtain
The debate about the Fed is under way, and thank goodness. But as with many policy debates, there really shouldn’t be a debate at …
Mere Mortals at the Fed
The secrecy of the Federal Reserve is legendary, but pressure in recent years has led to some opening up. Already in the last 12 …