Bernanke's Unintended Consequences
In the 11th century, King Canute the Viking's courtiers claimed he was "so great, he could command the tides to go back." Sensing an opportunity to make a point, Canute had his throne carried to the seashore and commanded the waves to stop. When they didn't, he had made his point that the deeds of "great men" were nothing in the face of nature's power. U.S. economic policymakers should learn the same lesson. Read the rest of this story »
Bernanke: Home Ownership Is Great. Except When It Isn't.
He didn't add much to what we already know about the mess, but he did give a useful quick history of the idea of homeownership in America (and how it's taken a beating in the past few years): Read the rest of this story »
Time Magazine predicts Federal Reserve causing next Civil War?
Will the Federal Reserve cause the next Civil war in America? Time Magazine seems to think it’s a possibility. Read the rest of this story »
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