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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Paul Volcker: Anti-Capitalist Stooge!

Yes, Paul Volcker, former chair of the Federal Reserve under Presidents Carter and Reagan, the guy credited with ending stagflation, is calling for more regulation of the financial sector and the imposition of greater governmental control of markets.  Why?  Because self-regulation doesn’t (and has never) worked.

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October Beige Book Word Cloud

Just for fun, I took the text from the Fed’s October Beige Book and fed it into Wordle.  The Beige Book is the quarterly report by the Presidents of the Federal Reserve Banks on the current economic conditions.

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