The Goldman Sachs Misdirection


The Goldman Sachs’ affair is filling up the news cycle. Compared to the year long health care battle, it seems trivial by comparison. But as a symbol for the absurdity of our times, it is informative. It most reminds me of the AIG compensation dust up about a year ago. Let’s take the least important [...]

The Bernanke Nomination – WSJ.com


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 […]