At the Heart of Fed Monetary Policy: A Fallacy!

Heterodox economist L. Randall Wray takes Ben Bernanke to task for a failure of comprehension.  The whole article, while a bit wonkish, is certainly worth a read.  Wray does an excellent job explaining, in a few paragraphs, how modern monetary systems (fiat currency based) actually function (as opposed to how the…

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Ben Bernanke Gets his Dander Up!

It isn’t often you hear a Fed Chairman be quite so direct.  Or sound so desperate.  It’s a little unsettling.

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In Which Bad Economic Theory Goes Unpunished

Angry Bear is one of my favorite economic blogs and Ken Houghton is one of my favorite economic bloggers.  He calls ’em like he sees’ em.  In this case, he sees profound macroeconomic stupidity from Bernanke and Tim Geithner.

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Sens. Feingold & Boxer voice opposition to Bernanke nomination

Fed Chairman Ben Bernanke may have been Time magazine’s Man of the Year, but he hasn’t convinced senators he’s the man for the job, with Democratic Senators Barbara Boxer of California and Russ Feingold of Wisconsin voicing their concern about Bernanke’s nomination by President Obama to continue to serve as…

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