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Blogger Ben’s Basically Full Of It
Blogger Ben’s Basically Full Of It Ben Bernanke’s skin is as thin, apparently, as is his comprehension of honest economics. The emphasis is on the “honest” part because he is a fount of the kind of Keynesian drivel that passes for economics in the financially deformed world that the Bernank did so much to bring about. Just […]
The Ghost of ’37
The Ghost of ’37 With the Fed supposedly steeling itself at last to remove a little of its emergency ‘accommodation’, it has suddenly become fashionable to warn of the awful parallels with 1937, as the highly-respected Ray Dalio of Bridgewater has notably done. That year, the story goes, the nation’s ascent from the depths of […]
The Great Immoderation: How The Fed Is Sowing The Next Recession
The Great Immoderation: How The Fed Is Sowing The Next Recession In February 2004 Ben Bernanke famously declared the business cycle had been tamed and took a bow in behalf of enlightened monetary management, claiming it was the principal source of this beneficent development. Exactly 55 months later, of course, he terrorized the Congressional leadership and a clueless President […]
The Threat to the Dollar as the World’s Primary Reserve Currency
The Threat to the Dollar as the World’s Premier Reserve Currency …but does it really matter? By Patrick Barron My answer is that, “Yes”, it really matters. And that is why we need to take action today to protect all of our interests. The source of the threat may surprise you. We refer […]
BREAKING BAD (DEBT) – EPISODE THREE
BREAKING BAD (DEBT) – EPISODE THREE In Part One of this three part article I laid out the groundwork of how the Federal Reserve is responsible for the excessive level of debt in our society and how it has warped the thinking of the American people, while creating a tremendous level of mal-investment. In Part Two I focused on […]
Global Cooling Alert: Brazil Headed For Worst Economy Since 1930-1931
Global Cooling Alert: Brazil Headed For Worst Economy Since 1930-1931 For all the debt crises, hyperinflation and boom-and-bust cycles Brazil’s economy has suffered in recent decades, the country hasn’t posted two consecutive years of contraction since the Great Depression. But if 2014’s fourth quarter was as bad as many economists think and their expectations for […]
Sorry, Millennials, We’re Out of the Jobs You Want
Sorry, Millennials, We’re Out of the Jobs You Want Millennials don’t want to work in sales, reports the Wall Street Journal. They think it’s exploitative. They also hate the idea of variable compensation; they want a nice, steady job where the company takes the risk, not the worker. The feeling that sales is exploitative is not […]
Are We Reliving The 1930s?
Are We Reliving The 1930s?. At the close of last week’s G20 Summit, U.K. Prime Minister David Cameron warned that we’re on the verge of another global recession, citing problems like looming deflation, falling prices, and rising protectionist sentiment. This list evokes a sense of déjà vu: not about the Great Recession, but the GreatDepression. That […]
The Gold Standard Did Not Cause The Great Depression, Part 2 » The Cobden Centre
The Gold Standard Did Not Cause The Great Depression, Part 2 » The Cobden Centre. As noted in my previous column, AEI’s James Pethokoukis and National Review‘s Ramesh Ponnuru — among many others — appear to have fallen victim to what I have called the “Eichengreen Fallacy.” This refers to the demonstrably incorrect proposition that the […]
If Everything Is Just Fine, Why Are So Many Really Smart People Forecasting Economic Disaster?
If Everything Is Just Fine, Why Are So Many Really Smart People Forecasting Economic Disaster?. The parallels between the false prosperity of 2007 and the false prosperity of 2014 are rather striking. If we go back and look at the numbers in the fall of 2007, we find that the Dow set an all-time high […]
A Depression Era Economics Lesson | project chesapeake
A Depression Era Economics Lesson | project chesapeake. When the great depression hit in the 1930’s, many people had a difficult time surviving. When the system they depended on ceased to function properly, they no longer had the ability to earn a living wage and care for their families. Even at a time when you […]
The New Great Depression | Two Ice Floes
The New Great Depression | Two Ice Floes. A few years back Peter Schiff opined the Great Depression of the 1930s would look like a Sunday school picnic compared to what is headed our way. Without a doubt the cat is out of the bag. Everyone knows things are not going well. Unfortunately, it seems […]
