Ben Bernanke’s four-year term as chair of the Fed’s Board of Governors ends in January. Rather than reappoint him, President Barack Obama should name a new chair who can take a fresh shot at the job, unencumbered by any policy…
Unregulated, lots of good ideas go off the rails
In public life, just as in private ones, people want the benefits of some action but prefer to not pay the costs. A nation may get away with that longer than an individual could in private life, but eventually the…
In health care debate, EU statistic is dead on arrival
The adage, ‘a little knowledge is a dangerous thing’ is nowhere more true than when people seize on demographic or economic indicators to make a political point without really understanding what the indicator means. Take a recent letter to the…
Don’t trust Bernanke’s soothing words
Don’t be reassured by Fed Chair Ben Bernanke’s bland assurances to Congress last week that the Fed can safely unwind all of the monetary expansion embodied in various financial sector bailouts over the past 23 months. Remember that he represents…