Don’t let scandals distract from America’s scandalous fiscal condition.
Catching a glimpse of Tipper Gore these days is about as rare as seeing a family of polar bears frolic in the Arctic. Unless of course, you’re a deadhead in DC. No, not the ones in the White House, those who attend Grateful Dead concerts. If so, you might have caught the performance of the [...]
The White House said yesterday it has damped down a political revolt against Ben Bernanke and now has the votes to secure the Federal Reserve Chairman’s second four-year term. Whether or not Mr. Bernanke is confirmed, the lesson we draw is that overly political central bankers will eventually be undone by politics. There’s no doubt […]