ACC Archives

Month: August 2012
Why Does the Media Hide Fed Lies?

The Bloomberg article reporting on what Fed Chairman Ben Bernanke said at the annual monetary conference in Jackson Hole, Wy headlined: Bernanke Does Not Rule Out More Bond Purchases. Other media stories will no doubt echo this same language, taken...

The Guardian Reports: New York Times Vetted Dowd Column with the CIA

The New York Times, the bastion of supposed liberalism and journalistic inquiry apparently likes to cozy up with the CIA. The Guardian reports the the Times‘ national security reporter colluded with the CIA’s spokeswoman to make sure a Muareen Dowd column discussing the...

Cronyism is just as threatening to free enterprise as big government

(From AEI.org) “But we hope GOP convention-goers also remember that, beyond statism, there’s a second and equally-worrying threat to economic liberty in America today: Cronyism, the process by which market competition is shut down by political actors to benefit particular...

Is Bernanke Like Robert McNamara?

(*I wrote this exactly 2 years ago today. I stumbled across it this evening. Most of it still holds.) In the shadow of the Grand Tetons Ben Bernanke again assured the world not to worry, the Fed wasn’t in fact “out...

Putin’s Russia: Land of the Civil Servant Crony?

If one wants to get a glimpse of what happens when free enterprise is utterly crushed by the fist of cronyism, one need only look to Russia. Only 1 in 10 Russians would like to own their own business. While...