Author Archive | LPMC

When Magic Bullets Fail

I recently read an article written by former Fed economist Richard Alford over at Naked Capitalism. He focused his criticism on the zero interest rate policy (ZIRP) currently deployed by the Fed under the watch of Chairman Ben Bernanke. There has been …

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Justice for Balloon Dad

The entire “balloon boy” spectacle was a bit of a waste of time in my opinion. Although, I do admit it was an interesting story. I didn’t know about it until a day later and found the family’s morning interviews to be a bit disturbing. In November, bal…

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Tim Geithner Must Resign

It is now long overdue. Treasury Secretary Timothy Geithner must resign his post. A story broke earlier this week on Bloomberg which details what appears to be an attempted cover-up by the Federal Reserve Bank of New York and AIG. Let’s take a quick tr…

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Housekeeping

I am going to write another entry tonight (or at least start it), but wanted to get some housekeeping out of the way first. I haven’t been writing much lately. I have a myriad of excuses, but it’s time for action instead. So, I’m hoping this will kick …

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Keynesianism in 2009

“We’re all Keynesians now,” stated Milton Friedman in a 1965 article in Time magazine. Friedman, famous for a conservative brand of economic policy, was actually quoted out of context and clarified the record several weeks later. Forty-four years later…

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