The Forgotten Depression: A Study in Laissez-faire
The year is 1921. America is little more than two years removed from triumph on the Western Front. Warren Gamaliel Harding is its czar. And it is sunk in depression…
QE
Inside Scoop on the Next Fed Chairman
Following an extensive investigation, The Martian can reveal that it is neither Lawrence Summers nor Janet Yellen who will be the next chairman of the Federal Reserve System. Instead, President Obama is scheduled to announce that Davita Vance-Cooks will replace Ben Bernanke on Jan. 1. Like John Galt, Davita Vance-Cooks is not a household name. …
Benny and the Monetary Jets
“My inflation record is the best of any Federal Reserve chairman in the postwar period,” said the great bearded one, a bit annoyed, responding to a question by Sen. Bob Corker. “We are not engaged in a currency war.” Ben Bernanke told lawmakers to forget that helicopter stuff they’ve been hearing about him, he’s the …