Keynesians Chortle in Their Joy

Now that Ben Bernanke continues to have a friend in the White House, all’s going to be well in the world- at least economically.  At least, that’s the impression large segments of the media is promoting.  

When any segment of the media and market participants are feeling so good about things that they appear [...]


Thoughts on Reinhart and Rogoff’s “Second Great Contraction”

I am spurred to discuss macroeconomic matters due a couple of recent articles.  One was written by Drs. Kenneth Rogoff and Carmen Reinhart, of whom I have written many times.  They argue that the economy of the past several years was not just a larger or ‘great’ recession but something worse, in contrast to the view of [...]


Jon Stewart Catches Bernanke’s Lie

You are going to love this. Even our favorite mugging slapstick news sources gets it that quantitative easing is the same as “printing money.” You may recall my umbrage taken at this obvious lie by Bernanke in last Sunday’s 60 Minutes interview.

Jon Stewart does a great job.