Somebody could use a new crystal ball. Now that the federal government is playing an ever larger role in the economy, a look at Washington's track record seems to be long overdue. The recent release of the Federal Reserve Board's transcripts of its deliberations back in 2007 shows that their economic prophecies were way off. How much ... MORE
Showing posts with label quantitative easing. Show all posts
Showing posts with label quantitative easing. Show all posts
Thomas Sowell: Prophets And Losses
Somebody could use a new crystal ball. Now that the federal government is playing an ever larger role in the economy, a look at Washington's track record seems to be long overdue. The recent release of the Federal Reserve Board's transcripts of its deliberations back in 2007 shows that their economic prophecies were way off. How much ... MOREThomas Sowell - Fiscal Cliff Notes - Part II
Anything to expand the size and scope of government. One of the big advantages that President Obama has, as he plays "chicken" with the Congressional Republicans along the "fiscal cliff," is that Obama is a master of the plausible lie, which will never be exposed by the mainstream media-- nor, apparently, by the Republicans. A key lie that ... MOREThomas Sowell: Fiscal Cliff Notes
Like a laser cutting through fog. Amid all the political and media hoopla about the “fiscal cliff” crisis, there are a few facts that are worth noting. First of all, despite all the melodrama about raising taxes on “the rich,” even if that is done, it will scarcely make a dent in the government’s financial problems. Raising the tax rates on everybody in the ... MORE
Subscribe to:
Posts (Atom)