The European Central Bank has to deal with the details of the financial markets in such a way that it has become a daytrader and organizes a planned economy. That said Econopolis economist Geert Noels yesterday. The banks are still ‘too big to fail’, but much worse is that the central banks are ‘too big […]
The whiz kids at the Federal Reserve and the ECB are too far from the common man to defend his interests.
A quick perusal of the financial press revealed a treasure trove of write-ups on PIMCO’s Richard Clarida, the recently named nominee to be Vice Chair of the Federal Reserve Board. Coverage of one Michelle Bowman, nominated the same day to serve as a governor on the Board was, however, scant. Given the dearth of warm […]