Tag Archives: Fatal Conceit

A New Tyranny: The Fatal Conceit of Macro-Prudential Policy

Let’s face it, the Federal Reserve is out of ammunition. By any standard, the world’s most powerful institution is impotent.  So is Congress, who punted immediately to the credentialed technocracy that is the ‘Fed.’ One can see it now, the … Continue reading

Posted in Economics, Islam | Tagged , , , ,

If Macro-Economics Is So Great, Why Don’t We Prosper?

Recently the WSJ editorial page had a letter to the editor from a devoted reader in La Jolla, California.  He asked a pointed question, you know the type, the dangerous inquiry that excoriates the philosophical foundation of Keynesian thought. The … Continue reading

Posted in Economics | Tagged , , , , , , ,