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Bernanke Seen Accepting Higher Inflation is Bloomberg.com’s current lead story. “The chairman seemed to suggest they will tolerate a misdemeanor on inflation as unemployment continues to fall toward their goal” over several years, said Mark Spindel, chief investment officer at Potomac River Capital, a hedge fund that manages $250 million in Washington. Deflation for thee, you [...] In the news today are two enterprises whose fortunes have diverged so dramatically over the past decade that I wish to comment. I think that the Austrian economists Schumpeter and von Mises would also have been impressed. On the one side is an ancient people whose government borrowed hundreds of billions of euros over about [...] Bloomberg.com is out after the close of trading with EU to Have No Deadline for End of Greek Talks. Bloomberg was flogging the story all weekend that a deal was at hand between the Greek government and its private debtholders. Now comes this anodyne brief piece that appears to give a Roseanne Roseannadanna spin on it: [...] |
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