Kudlow: GAO Should Audit Fed every 6-months
[The GAO] audit, by the way, would reveal the Fed’s FOMC policy discussions after six months, rather than the current-law five years. This is a good thing. More prompt disclosure. The public has a right to know, especially since Bernanke (as Alan Greenspan’s right-hand man) was instrumental in creating the easy-money housing and energy bubble that sank the economy, and since Bernanke (as Fed chairman) has provided unbelievable, ultra-easy, free-money, zero interest rates for too long.
via Kudlow’s Money Politic$: Should Helicopter Ben Withdraw His Name?.
December 18, 2009 No Comments
James Grant, December 2008: “Money-Printing” at the Fed
A year later and still merrily printing, printing, printing…
…more debt and more dollars. Just how much of each can be found every Thursday evening on the Fed's own Web site. Open up form H4.1 and prepare to be amazed. Since Labor Day, the Fed’s assets have zoomed to $2.31 trillion from $905.7 billion. And what is the significance of this stunning rate of asset growth? Simply this: The Fed pays for its assets with freshly made dollars. It conjures them into existence on a computer; “printing” is a figure of speech.
via The Problem With the Federal Reserve’s Money-Printing – WSJ.com.
December 18, 2009 No Comments
Lord Monckton on Pachauri’s Speech in Copenghagen
Would he [IPCC's Pachauri] use the bogus graph in his lecture? I had seen him do so when he received an honorary doctorate from the University of New South Wales. I watched and waited.
Sure enough, he used the bogus graph…
Pachauri then produced the now wearisome list of lies, fibs, fabrications and exaggerations that comprise the entire case for alarm about “global warming”. He delivered it in a tired, unenthusiastic voice, knowing that a growing majority of the world’s peoples – particularly in those countries where comment is free – no longer believe a word the IPCC says.
via Lord Monckton Reports on Pachauri’s Eye Opening Copenhagen Presentation « Patrick J. Buchanan.
December 18, 2009 No Comments