Ben Bernanke has opposed the efforts to audit the Fed allegedly because he values the independence of the Fed. Really? (Via WSJ):
The White House said yesterday it has damped down a political revolt against Ben Bernanke and now has the votes to secure the Federal Reserve Chairman’s second four-year term. Whether or not Mr. Bernanke [...]
Peter Wallison has an editorial in the WSJ today about Obama’s bank lash out last week:
First, Mr. Obama has proposed to limit the size of banks or their holding companies, or both. The trouble with limiting the size of these institutions is that no one has the faintest idea what the right size is. What’s [...]
President Obama will apparently preview some of his State of the Union message today:
Jan. 25 (Bloomberg) — President Barack Obama today will preview a package of tax cuts for the middle class, including an increased tax credit for child care, limits on student loan payments, and an expansion of tax credits to match retirement savings, [...]
John Hussman’s weekly commentary is the best explanation of how inflation is created that I have ever read. It is clear, concise and understandable to anyone. The short explanation:
So how do you get inflation? Simple.
1) Increase the marginal utility of “stuff”: This happens either if the supply of goods and services becomes more scarce, or if the demand [...]
