The Fed Debate

10 years ago, the future Federal Reserve Chairman Ben Bernanke said to Nobel laureate Milton Friedman, “Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.” What won’t they…

Our Confidence in Congress

The preface to This Time It’s Different: Eight Centuries of Financial Folly tells us that, “We have been here before.” During 1837, with Martin Van Buren entering the White House and Andrew Jackson leaving, a depression had begun. Called the Panic…