And soaks the rest of us. The decision is in: Unlimited quantitative easing. That was the announcement from the Federal Open Market Committee this afternoon, launching a third round of purchases of securities in a bid to boost the economy and reduce unemployment. This time, Federal Reserve Chairman Ben Bernanke and crew are ... MORE.png)
Playing the game without knowing the rules. President Obama would do us all a big favor if he'd ask himself this: "Would I start or expand a business without knowing what regulations or taxes government will impose next year?" If he'd just stop and ask that, he'd have a sense of what's wrong with the economy. He'd understand why a country that must create ... MORE
Fed policy certain to fuel inflation. You may have heard by now of the Federal Reserve's "dual mandate." Not content to merely protect us against the ravages of price inflation (mandate No. 1), our fearless Fed is equally committed to fostering "maximum employment" (No. 2). And right now, with the unemployment rate still at 8.3%—far too high to meet anyone's ... MORE