Federal Reserve

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 [...]

Urban Economic Legends

Urban Economic Legends

I really like the “Mythbusters”  TV show, perhaps because the 13-year-old still lurking inside me loves seeing watermelons explode in the interest of science. Anyway, here are several of my favorite urban economic legends, some of which contain a grain of truth. ANY CHARACTER HERE The Social Security Annual COLA Excludes Food and Energy Completely [...]

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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