July 27, 2011

Would Albert Einstein Trust This Congress?

One observation that can be made about the scrambling going on to resolve the crisis-de-jour (our national debt ceiling) is that each emerging proposal relies heavily on Congress keeping its word in the future.  Each resolution adopts the form "...

July 26, 2011

Can the Federal Reserve Ride in on a White Eraser?

More and more people are familiar with the Federal Reserve (Fed) and their use of Quantitative Easing (QE) to fund the US's debt addiction.  In simplest terms the Fed uses their 'magic pencil' to add new money to their balance sheet.  This ...