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On The Genius of Stephen Hawking
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Essay: What Causes The Growing Wealth Gap In America?
Tweet A major issue in America today is the growing gap between the rich and the poor, and the popular narrative is that the disparity is caused by capitalism run wild and only the firm hand of government can fix the problem. But what if this narrative has it backwards? What if the growing wealth disparity in America is actually caused by the government? Take Warren Buffet, a man often at the center of this debate, as not only is [...]
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Essay: How Does Quantitative Easing Create Jobs?
Tweet Federal Reserve Chairman Ben Bernanke recently announced the central bank will now undertake open ended Quantitative Easing until the economy gets significantly better. Specifically he said: If we do not see substantial improvement in the labor market, we will continue our asset purchases. Although the first two rounds of QE have failed (if they hadn’t there would be no need for a third) the Federal Reserve has now decided to go all in on its signature program. Instead of [...]
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Essay: Why Does the Major News Media Treat The Federal Reserve Differently?
Tweet A recent article from Reuters on fears within the Economics profession of political encroachment on Fed action reads like a standard piece by the Media on the Central Bank. It starts with the assumption that the Fed is all knowing, and concludes that anyone trying to interfere with that process is wrong. This a remarkable anomaly from an industry that prides itself on its ability to speak truth to power. Traditionally in American politics, the more powerful a government official or body, [...]
