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    Economics / economic policy, economic theory, Federal Reserve Board, inflation, plutocracy, unemployment /

    After Bernanke

    July 19, 2013

    It is fairly well accepted now that Ben Bernanke will decide not to stay at the Fed next year when his current term is up. By and large I fall into the neutral camp when assessing his tenure. He was woeful at identifying the likelihood of crisis. He has been pretty good at reacting and […]

    Politics /

    Never Ending Elections

    July 19, 2013

    Can this be true? Apparently two leading Republicans, in their own estimation, are visiting Iowa to start drumming up support for the 2016 presidential race. Perish the thought, but apparently it is the case. Rand Paul, our very own Ayn Rand advocate, and Ted Cruz the current bad boy of the Senate, are both headed […]

    Commentary, Economics /

    A Dilemma

    July 16, 2013

    The recent crisis, and our not very good policy response, lingers on. The damage to ordinary people’s lives amounts to a hidden disaster that will take years to mitigate. The economics profession – and I use that word loosely because a true profession monitors itself better than economics does – has been shown as inept, […]

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