Bernie Sanders’ Fed Plan

Bernie Sanders’ advice on the fixing the Fed demonstrates the fact that being “anti-Fed policy” is not enough. One must not just be a critic, one must also know what the Fed is doing that is bad, and what the better solution would be. Unfortunately, those of us who think that […]

Fictitious Economic Models

In compliment to my own recent thoughts on government macro-level statistics, David Stockman refers to them in his recent column as follows: The hard core reality, however, is that the very foundations of the Keynesian full employment model cannot be measured, specified, validated or achieved. For all practical purposes there […]