Archives for: Financial Crisis
Capitalism Without Bankruptcy is Like Catholicism Without Hell
by Mitch Feierstein about 7 years 5 months ago
Barack Obama was recently on the stump, defending the latest set of lackluster jobs figures. Obama blamed ‘serious headwinds’ including higher gas prices and, more recently, the developing crisis in the Eurozone. Having handed much of the blame to foreign oilfields and European crises, he returned to more familiar ground, bashing a Republican-controlled House for blocking some of the proposals in […]
Numbers Never Lie — Central Bankers, Politicians and Lawyers Do — Is the Fed Conspiring Against Us?
by Mitch Feierstein about 10 years 5 months ago
The dual mandate of the Federal Reserve is a good one. It is charged with ensuring stable prices and maximum employment. That’s a good basic recipe, one which served the country well. And notice what isn’t there. The Fed is not charged with distorting natural market pricing mechanisms to the point of perverting risk. It […]