The Great Recession’s architects are acting like they’re heroes
We will never forget what these guys pulled.
ACC Archives
Tag: Bernanke
Gang of Three Who Brought Us Crash of 2008 Tell Us How to Handle Next One
The Fed is the chief financier of American crony capitalism. That is why it was brought into being and why the political establishment so zealously guards it. So best to take with a big grain of salt what Ben Bernanke,...
Thankfully the reforming of Dodd-Frank is about to begin, Small banks may survive after all
One of the great myths of the 2008 Crash (which was created by the Federal Reserve holding interest rates down for too long, along with boneheaded social policy from Washington – the Community Reinvestment Act) is that banking was somehow...
Stock and bond investors are now paying the price for the Fed’s dangerous experiment
End the Fed. We should not have an economic politburo in this country trying (and failing over and over) to plan the economy. This is what many people do not understand about American “capitalism.” With a central bank at the...
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...
Alan Greenspan knew the dangers of Fed manipulation, but he let the bubbles bubble to win political favor (and get reappointed)
We have said before that no Fed Chair was ever “free market.” This absolutely includes Mr. Greenspan. His legacy is one of a price fixer, an economic manipulator, a bubble blower, and ultimately one who in many ways ushered in...
The Fed’s Monetary Politburo Is Finally Catching Some Flack
One of the reasons I so enjoy Ron Paul (and there are many reasons) is because he raised the Federal Reserve as an issue in the eyes of the public. The Fed would have been very pleased to stay just...
Can ‘Helicopter Ben Bernanke’ Save Japan?
The answer to the question is – no. However Japan is going to go the long route before it gets to this answer.
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,...
The Anger of the Unprivileged Is Rising Globally
This goes nicely with the previous post. People are waking up. They are using the information at their disposal. Do not take this information for granted.
Bernanke’s New Helicopter Money Plan——Sheer Destructive Lunacy
(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 central banks to the zero bound and NIRP and their $10...
