Browsing Tag

Ben Bernanke

“Masses of Worthless Paper”

Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession  (McGraw-Hill, 2009). We wince at congressional ineptitude but in one category…

The political central bank

I wrote this in April 2009 about the Federal Reserve’s machinations: You should note that only the fiscal stimulus required legislative approval. All of the other ’stimulus’ has been done without Congressional approval and largely…

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