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“Working at my desk today was somewhat surreal. Global risk markets were closing out a dreadful week. Newswires were full of disconcerting articles – J.P. Morgan, Greece, Spain, Italy, China, etc. Meanwhile, CNBC was in the midst of blanket coverage of the Facebook initial public offering. Mark Zuckerberg rang the bell to open NASDAQ [...]

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Did Bernanke Prevent Another Depression?

This excellent article comes from the Mises Institute’s Frank Shostak, a well known Austrian School economist (see below). The charts are unfortunately very small and unfixable. — JH

In a lecture given at George Washington University on March 27, 2012, the chairman of the Fed said that the US central bank’s aggressive [...]

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