Daily Archives: April 13, 2015

The Fed has bet the financial system on academic theories, that upon close inspection defy even basic common sense. One could easily write a multi-volume set of books on the Fed’s mistakes. However, in its simplest rending, the biggest flaw … Continue reading →

In the early 2000s, Alan Greenspan was worried about deflation. So he hired Ben Bernanke, the self-proclaimed expert on the Great Depression from Princeton. The idea was that with Bernanke as his right hand man, Greenspan could put off deflation … Continue reading →