This is about right.
Tag Archives: QE3
Thomas Sowell: Why do we continue to listen to the Federal Reserve? They’re almost always wrong.
Sowell’s right. The Fed over its 100 year history has been consistently wrong and has often exacerbated crises not ameliorated them. Both the Great Depression and the Great Recession are examples of this.
But don’t tell a Keynesian this.
A Farewell to Sanity: A Proposal to Expand the Fed’s Balance Sheet from $3 Trillion to $33 Trillion
We pray that this is very dry satire. I honestly can’t tell. Let’s hope this is a joke.
Bernanke Didn’t See The Great Recession Coming, Glad He’s Managing Things Now
This video has clips of Bernanke from 2007 just before the collapse.
A Top Left Economist Says That the Fed is Helping the Rich, Hurting the Poor. He’s Right.
The hedge funds and the big banks have done better than anyone under the Fed’s printing regime.
Zombification of the US Economy
The Biggest Bail-out of Them All
The Wall Street Journal got this right in an editorial today:
Goldman Sachs Takes Over the Bank of England
Technically one of their alums is taking over the Bank of England, Mark Carney, but it is pretty clear that the “vampire squid” now holds sway over nearly the entire European banking system.
Goldman Sachs Tells Washington What To Do – Again
You will recall how a former CEO of Goldman Sachs, Hank Paulson, ran the Crash of ’08 as Bush’s treasury secretary by getting an ethics waiver so that he could talk almost every day with Lloyd Blankfein, CEO of Goldman Sachs.
