Summary: The first few decades of the 21st century appear to be dominated by experts steering public policy using their theories. The rest of the century might be dominated by the effects of their success — or failure. . So far America in the 21st century has driven by theories, in a way seldom seen …
Summary: We live in an age of wonders. We have technology that previous generations would consider science fiction or fantasy. Social changes beyond precedent, such as gender equality. Not least, we’re conducting monetary experiments on a scale never before attempted. Success by the Bank of Japan and Fed will create a new world, one with …
Summary: Historians will laugh at our response to QE, for the reasons discussed here. We’re enjoying our days in Wonderland. We may find the hangover less entertaining. This is a follow-up to Important things to know about QE2 (forewarned is forearmed). Links to more information appear at the end. Our response to the Federal Reserve’s latest monetary …
Bernanke leads us down the hole to wonderland! (more about QE2) Read More »
