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Federal Reserve

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For those of us who view the American economy from abroad, one of the biggest puzzles of recent years has been President Obama’s reported wish to appoint Larry Summers the next chairman of the Federal Reserve. As Mark Leibovich has pointed out in This Town, a hilarious new book on theWashington eco-system of show-boating, social... Read More
If you read anything this year, read this. It is an article by Bill Black, a former financial regulator, that provides stunning new insights into former Fed chairman Alan Greenspan’s incompetence. Posted at the website Naked Capitalism, the article makes dozens of devastating points which have hitherto received little or no attention in the mainstream... Read More
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