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Tag Archives: Ben Bernanke

James Gandolfini and Ben Bernanke

RIP Mr. Gandolfini, I enjoyed your show.

In the attached essay Robert Wenzel makes the point that the Fed is engaging in unhealthy behavior. Though the economy keeps puttering along it’s not like all the money printing and various other manipulations won’t have long term effects, they will. It is very possible that the Fed’s actions will result eventually in the economic equivalent of what felled Tony Soprano.

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Bernanke’s Cures Are the Economy’s Disease

So the Fed is going to “taper” away the quantitative easing, the printing of money, in which it is currently engaged. Bernanke (or Larry Summers—shudder) will one day allow interest rates to rise back to normal levels. Don’t worry, the economy will emerge from this radical economic experiment and all will be well. You’ll see. Ben promises.

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The Federal Reserve Has Printed Over $1 Trillion for Foreign Banks

Since the dollar continues to be the world reserve currency, and since the mega banks float like clouds over the entire planet paying little attention to borders, we shouldn’t be surprised. But that the Fed has essentially given away $1 trillion to non-American banks is pretty amazing . (Not that American banks are any better than the foreign ones of course.)

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