Wednesday, November 5, 2014


Econ Comments & Analysis                                                                                            
Forbes | A Big Fed Is Big Government
ONE OF THE MOST important functions of constitutional government is to limit the government’s power and guide it in useful directions, not for self-aggrandizement.
Forbes | Why Can't The Fed Spot Bubbles?
The topic of whether the Federal Reserve can see bubbles in advance, and what they can do about them, is hotly debated. There is little agreement as to how to define a bubble, if the central bank can actually see one develop, whether it should act, what it could do if it chose to act, or how it could clean up afterwards.