ACC Archives

Tag: Bernanke
Politics at the Fed is the rule, not the exception

Federal Reserve “independence” is a convenient untruth for the Fed and for many in the Washington political class. The Fed is absolutely influenced by politics. This is evident even to the fairly casual observer. (From The Dallas News) Carnegie Mellon...

The Keynesian Blessing: Americans Are Broke

Americans are debt addicts. They love to spend. The politicians love to spend. Everyday Americans love to spend. Spend, spend, spend. And we wonder why many things, our society even, feels so cheap. People live on credit. They finance cars,...

Bernanke’s New Helicopter Money Plan——Sheer Destructive Lunacy

Uh oh. Here comes the Federal Reserve to “save” us. (From David Stockman’s Contra Corner) If you don’t think the current central bank driven economic and financial bubble is going to end badly, recall a crucial historical fact. To wit, the worldwide race of...

Faber: Central banks will create global socialism

They actually already have plenty of socialism. He makes a good point. The next economic downturn is likely to be nastier than the last and in an effort to “save” the world central banks will probably buy up everything in...

Get ready to be showered by helicopter money

Image: Socio-Economics History Blog You’ve been warned for the better part of a decade that it was coming. Now get ready. Manna from heaven. (Well not from heaven.) Free money. It’ll be like that movie “Cloudy with a Chance of...

Trump for auditing the Fed?

Well, we’ll believe it only when we see it. It looks like Trump is using the issue to pry away Nevadans with a libertarianish disposition from Cruz. Libertarians are kind of a wandering constituency right now. Read more…

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