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Government

Income Inequality: A Free Market Economists Blind-Spot

MUNCIE, Indiana – The late economist Edgar Fiedler had a way of poking fun at economists and it’s always funnier when a professional is the one cracking jokes about his own profession. Two of my favorite quotes are: “He who lives by the crystal ball soon learns to eat ground glass.”; and “Ask five economists […]

Categories
Government

Federal Reserve Experimenting With US Economy

(Illustration by Victor Juhasz) Federal Reserve Couldn’t Wait for Washington to Reach a Consensus Last year I listened to two very intelligent people being interviewed on Bill Moyers program. One of the guests was Yves Smith, a brilliant economist with an incredibly keen financial mind. She writes for her own blog called Naked Capitalism. It […]