And we learn more about the most powerful woman in the world. Janet Yellen has been under wraps for some time. She did not want to give any interviews, since an unguarded remark might endanger Senate confirmation. During Senate hearings,
Fifty years after President Johnson launched his “War on Poverty,” it is time to stop pretending and start doing something real for the poor. Mitt Romney said during the 2012 presidential campaign: “I’m not concerned about the very poor. We
What will this mean for the average American, the middle class, and especially the poor? In recent years, the Fed, led by chairman Ben Bernanke and since 2010 also by vice chairman Janet Yellen, has embarked on the most radical
Janet Yellen, Ben Bernanke’s successor as Fed chairman, has asked and answered two important questions: “Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not.” “Do policy makers have the knowledge and ability to improve
Popular former New York mayor Ed Koch used to walk the streets of the city ebulliently asking passers by: How’m I doin? Although the Fed has never asked this question about itself, the 100th anniversary of the Federal Reserve Act
The real action is coming soon in the Senate when it votes to confirm the new Fed chairman. The budget deal is disappointing, but small beer. It’s just the same, oft-told tale: we’ll cut spending in the future if you’ll
The Fed’s latest stock market bubble is at risk of blowing up. It could blow up as soon as the Fed’s next meeting this Wednesday, or it could last longer. Either way, it is doomed. Bubbles are inflated when the
What exactly are they afraid of? John Goodman, the leading medical care analyst in the country, asked this question a few weeks ago. His piece was entitled “None Dare Call It…“. The missing words were economic fascism. Economic fascism, the
Consumers should think twice before going online to check out Obamacare. The policies offered are not only sub-standard, you won’t even be able to tell which ones are worse than others. Last week, we pointed out that the new exchange
The new Obamacare policy will not be better if doctors refuse to take you as a patient. But many doctors will refuse to take you as a patient if the fees paid them under the Obamacare policy are lower than
