Last week, we wrote about the “Professor Standard” for Federal Serve Board appointments. Today, we look at efforts to change that standard. Former presidential candidate Herman Cain and Stephen Moore,…
What About Europe?
The world is slowing down. No country escapes a recession forever, whether your country is capitalist or socialist or something in between. Communist and fascist countries are generally in a…
The Fed’s Multi-Trillion Dollar Ponzi Scheme
“You loan me ten bucks. I photocopy the bill four times, give you back one of the copies, and announce that we’re square. That’s monetizing the debt.” …
What Yellen Should Have Said
The question reporters should be asking now is, what did the Federal Reserve Board’s Open Market Committee do for two days last week? The statement it issued based on its…
Central Bankers: Masters of the Universe
Earlier this month, along with our usual dire observations about an economy that has come unhinged, I noted that the world was not coming to an end. On closer inspection,…
Bubble Busters
“I had a stick of CareFree gum, but it didn’t work. I felt pretty good while I was blowing that bubble, but as soon as the gum lost its flavor,…
No Animals Harmed in Drafting Fed Policy Statement
Thousands of years ago, Roman soothsayers would visit the oracles and interpret the entrails of slaughtered animals. We haven’t advanced much since then. Fortunately, no animals are slaughtered today, but…
Sprinkling the Fairy Dust of Illusory Riches
When the Bank for International Settlements (BIS) calls central bank market rigging “the fairy dust of illusory riches,” it’s time to pay attention. The BIS is the central banks’ central…
Translating Fedspeak
While the week’s biggest news has taken place in Russia, Ukraine and China, it’s the news out of the Federal Reserve Board’s Federal Open Market Committee that’s most in need…
At The Fed, Saying Trumps Doing
President Obama’s campaign slogan for last year’s election was “Forward.” The Federal Reserve Board’s slogan in the coming months may be “forward guidance.” According to Goldman Sachs, The Fed is…