The Fall of Faith-Based Economics
Austrian economics, like Karl Marx' communism, is faith-based economics. It ignores economic evidence, its acolytes spending all their time rejecting ...
Read moreDetailsAustrian economics, like Karl Marx' communism, is faith-based economics. It ignores economic evidence, its acolytes spending all their time rejecting ...
Read moreDetailsThe best thing you can do with money is put it to work, either lending it, or investing it in ...
Read moreDetailsThe attitude of bankers toward money today reminds me of the famous Lincoln saying before Antietam. "General McClellan, if you ...
Read moreDetailsI am sick and tired of this crap about what "we" can't "afford" to have happen. As far as I'm ...
Read moreDetailsAll the proposals I've heard -- whether from Wall Street, the Fed, from politicians -- still fail to accept that, ...
Read moreDetailsA $100 million "jumbo" mortgage bond will have sub-prime notes mixed in with the good stuff, and there's no way ...
Read moreDetailsIf this were a real liquidity crisis, the Federal Reserve could have either dropped interest rates directly or made a ...
Read moreDetailsEverything Bernanke has learned will tell him to maintain liquidity in the face of inflation. He won't raise interest rates ...
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