The Federal Reserve has been on a media campaign to sell its monetary policy to main street, but as the Wall Street Journal noted yesterday it hasn’t gone smoothly. Frankly, I have to wonder how the Fed will spin this mornings news about the surge in wholesale prices, which were lead by the largest jump [...]
Arthur Laffer: Get Ready for Inflation and Higher Interest Rates
June 10, 2009 By 4 Comments
If you haven’t read economist Arthur Laffer’s Op Ed in today’s Wall Street Journal you should. Mr. Laffer explains how the Federal Reserves unprecedented expansion of the money supply could lead to rising inflation and interest rates that would make the ’70s look benign: Rahm Emanuel was only giving voice to widespread political wisdom when [...]
Were Healthy Banks Forced Forced to Surrender Ownership Stakes to Government?
June 3, 2009 By Leave a Comment
Were Healthy Banks Forced Forced to Surrender Ownership Stakes to Government? It’s question that needs to be answered… From reading this CNSNews.com piece it would seem at least a few “healthy” banks were forced into surrendering ownership stakes to the government: Last October, then-Treasury Secretary Henry Paulson ordered nine banks that the Treasury Department described [...]
Dick Armey: Bush Plan to Buy Bank Stocks Should Face Constitutional Challenge
October 15, 2008 By Leave a Comment
Via CNSNews.com: Former House Majority Leader Dick Armey (R-Texas) said that the Bush administration’s plan to buy $250 billion in stock in U.S. banks should be challenged in federal court as unconstitutional. “I think that it is subject to a serious constitutional challenge,” Armey said in a conference call with reporters on Tuesday. “It is [...]
Ouch… Someone’s Not Happy
October 2, 2008 By Leave a Comment
Someone’s not happy about the Bush/Paulson/Bernanky bailout plan. H/T: Kathryn Jean Lopez.
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