The Stimulus Backlash
It appears that one very significant problem that the Administration and the Federal Reserve created, a frightening spike in unemployment, is the result of a massive miscalculation about how the staggering borrowing by the government would play out.
The Fed endorsed a policy of record borrowing under the theory that we were at risk of a […]
Reporting from the Echo Chamber
I read this short Reuters piece on President Obama’s Fox interview last night and simply thought “who are these people?” Here’s my edited version of the full piece: BEIJING, Nov 18 (Reuters) – President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government […]
