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statism

Always More

By |2016-06-21T17:33:19-04:00June 21st, 2016|Economy, Federal Reserve/Monetary Policy, Markets|

For decades the slander against Herbert Hoover went unchallenged. He was branded a “do nothing” in the 1932 campaign, a charge which looks sillier the more time passes. The proper slander of Hoover is that he was Roosevelt before FDR was, only in miniature. From this view we can appreciate the intentional change in perspective; Hoover’s interventions failed to stop [...]

The Monetary Root

By |2016-02-05T19:28:59-05:00February 5th, 2016|Economy, Federal Reserve/Monetary Policy, Markets|

How did the world get this way? I don’t mean the oncoming recession, if that is indeed, as it appears, the economy’s fate. How did the payroll statistics ever attain this kind of deference and even religious zeal? U.S. manufacturing is shrinking, corporate profits are declining and goods are piling up on warehouse shelves. Those trends have elevated concern that [...]

Better Be A Shovel-Ready Future

By |2014-11-13T12:00:33-05:00November 13th, 2014|Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

In reviewing commentary about all the posturing in Japan preparing for what looks like, to me, an end of the recovery idea, there was one very alarming passage that I think may be important (and not just widely ridiculous) that ties together failure and the possible future course: Abe said yesterday he hadn’t decided whether to proceed with any snap [...]

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