December 2008 Archives

Ask me what is wrong with the world, and I'll complain for hours, or days, about the lack of understanding of concept-formation. In fact, I'll probably complain about it for years, and if the gods love me, for centuries.

Helicopter Bernanke continues on the path of total economic destruction: The Fed has never pushed its target for the federal funds rate as low as zero to 0.25 percent ... the central bank said it planned to use a variety of unconventional methods to flood the banking system with credit and drive interest rates lower.