Is the Medicine Worse than the Illness?

The Fed’s announcement last week that it intends to print lots of greenbacks to get the economy moving again has Jim Grant up in arms: Barely nudging Mr. Madoff out of the top of the news was the Federal Reserve’s announcement last Tuesday that it intends to debase its own paper money. The year just .. read more

Jim Grant: Mr. Market Miscalculates

Jim Grant of Grant’s Interest Rate Observer has a new book out called, Mr. Market Miscalculates: The Bubble Years and Beyond. The book is a collection of essays from GIRO. Grant is an erudite observer of financial markets who identified the problems with our economy long before most even noticed there was a problem. I’m .. read more