Ben Bernanke

Should you Vote?

Should you Vote?

Years ago, I was driving through New Hampshire admiring the fall foliage. By the roadside was a big hand-written sign nailed to an old barn. The sign read, “Don’t vote! It only encourages them.” I wonder what that sign painter is saying now? I also wonder what some of the “experts” are predicting about the [...]

Is Firm Size Important for Job Formation?

Is Firm Size Important for Job Formation?

It is a very well known “fact”, more like an article of faith, that small firms account for the bulk of U.S. job formation. This belief has been highly instrumental in influencing economic policies towards business at all levels of government. If my memory is accurate, it was David Birch of MIT who first called [...]

Happy Groundhog Day to Ben Bernanke

Happy Groundhog Day to Ben Bernanke

I haven’t the slightest idea what will happen if Ben Bernanke sees his shadow on February 2.  However, the Federal Reserve Chairman did shed some additional light on the future of monetary policy on January 25.   At their two-day meeting, the Federal Open Market Committee (FOMC) decided to leave the fed funds rate at [...]

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