The Trouble with Outright Monetary Transactions

by Bob Adelmann | 6:37 am, October 29, 2012

It’s a game, a charade. Even if the central bank’s president lies through his teeth, his audience believes him anyway. Is there no one there to exclaim: “The emperor is naked!”?

Group of 20 Balks, Stalls and Dithers

by Bob Adelmann | 12:47 pm, February 29, 2012

Another delay, another stall, another immense waste of time. What’s really sad is the amount of media genuflecting these robots receive in their attempts to fix the problems they themselves created.

Fed’s “Independence” Threatened by Bernanke?

by Bob Adelmann | 12:22 pm, February 27, 2012

One of the persistent themes accepted unquestioningly by the media is the necessity—and independence—of the Fed. Neither is true, of course, as this article points out.

Geithner Ignores Subpoena to Testify in Lehman Bros. Case

by Bob Adelmann | 5:00 pm, February 21, 2012

Geithner’s too smart not to know that the committee knows he’s guilty and so he is keeping his mouth shut.

Big Banks Oppose Volcker Rule, Urge Delay in Implementing It

by Bob Adelmann | 2:11 pm, February 17, 2012

This is pure politics, plain and simple: put it off for as long as possible and then, maybe it will disappear altogether. Or at least until after the next election when the landscape could be altered significantly – in favor of the banks.

European Fiscal Pact: Closing the Ring

by Bob Adelmann | 5:11 am, February 3, 2012

I never like to write an article that is absolute the way this one appears to be. But I can’t find any significant resistance to the impending imposition of permanent austerity and control from unelected elites outside the reach of the citizens.

Greeks About to Learn the True Cost of Bailouts

by Bob Adelmann | 12:31 pm, February 1, 2012

It is said that history teaches all things but that those who don’t know history are bound to repeat its mistakes. Greek is about to get a lesson in history.

Not All Economic News is Bad News

by Bob Adelmann | 5:50 am, January 8, 2012

It’s good to have a reason to take a break and get away from all the bad news. Happily, there are places to go. This article looks at a few of them.

Irony Alert: Keynesian Economists Rip Obama for Failed Keynesian Policies

by Bob Adelmann | 5:05 am, January 5, 2012

The hypocrisy of this crowd is astonishing. They’re been promoting or supporting Keynesian policies for years, and when they don’t work, they blame the implementer!

The Story Behind the Best- and Worst-Run States

by Bob Adelmann | 12:56 pm, December 9, 2011

“You will know them by their fruits. Grapes are not gathered from thorn bushes nor figs from thistles, are they?” This is from Matthew 7:16. I think it fits here quite well, don’t you?

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