The disintegration of central banking shifted to overdrive in November. The Senate Banking Committee’s listless accreditation of Janet Yellen as next Fed chairman was not a surprise, but it was notable that vigorous critics of Chairman Bernanke, such as Senator Bob Corker, dozed through the hearing. When the bubble of all bubbles bursts, and the Senate and Congressional oversight committees fulminate at central bankers, it will be those politicians who should sit in the dock. They could have acted. Instead, the Senate is whisking Bernanke-Squared to the throne, as quickly and quietly as possible.
The February 2, 2013, edition of The Economist presented a rousing endorsement for Scandinavian living. (“Cecil Rhodes once said…
PORT TOWNSEND, Wash. (MarketWatch) — Imagine Ben Bernanke being described as a “fiscal and economic rock star.” Or envision a major U.S. financial publication touting…