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media

Throwing Bernanke under the bus

In case you missed it, Federal Reserve Chairman Ben Bernanke was on Capitol Hill this morning making his caseregarding the Bank of America – Merrill Lynch deal.  The Chairman stated in unequivocal terms that he did not pressure…

What about inflation?

The real worry right now should be deflation, as we have not yet beaten back all of the ill deflationary effects of the financial crisis.  Nevertheless, a growing number of market participants see inflation as a longer term…

The bezzle is shrinking

"In many ways the effect of the crash on embezzlement was more significant than on suicide. To the economist embezzlement is the most interesting of crimes. Alone among the various forms of larceny it has a time parameter. Weeks,…

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