When Did We Get “Tough Love” From the Federal Reserve?

Demonstrating Russia’s current plight, this graph so perfectly illustrates stagflation: When GDP sinks and inflation increases, the stagflation that results is tough to cure. If monetary authorities target inflation with tight monetary policy, then interest rates go up and further…

Federal Budget: Some Shutdown History

“Those who disburse the money are like a saucy boy who knows his grandfather will gratify him, and overturns the sum allowed him at pleasure.” Rep. John Randolph of Virginia, 1806, referring to the executive branch (the saucy boy) and…

Can Stock Markets Predict Elections?

No one seems to be talking about what really might have led to the Obama win. The stock market. The basic reasoning is that people connect their “social mood” to the incumbent and social mood directly relates to how the…