Bernanke’s Fed in 300 Words or Less
For those who might prefer a shorter summary of Bernanke’s legacy see John B. Taylor’s 300 word “Monetary Policy During Ben Bernanke’s Time at the Fed.” Since this was originally prepared in December for the Washington Bureau of the Wall Street Journal, I would guess it is a major source for much of appeared what the Journal’s legacy editorial that is highlighted in today’s Daily.
Bernanke’s Legacy: A Weak and Mediocre Economy
As Chairman Bernanke’s reign at the Fed comes to an end, the Wall Street Journal provides its assessment of “The Bernanke Legacy.” Overall the Journal does a reasonable job on both Greenspan and Bernanke, especially compared to the “effusive praise from the usual suspects; supporters of monetary central planning.
Bitcoin vs. Gold: Hedge Fund Adviser Weighs In
Paul Singer is the manager of the $23 billion Elliott Management hedge fund. In a recent letter to investors in the fund, he expressed bearish sentiments on bitcoin, while remaining bullish on gold despite its recent fall in price. Wrote Singer:
Drugs: The Documentary of the Week
Over at the Global Economic Intersection my lecture on the economics of the war on drugs is the documentary of the week. This is fitting given the horrible news of Philip Seymour Hoffman dying this week of an apparent drug overdose.

Common Ground
I often find myself disagreeing with Cynthia Tucker, the Progressive journalist and professor, so I was happy to read a recent column of hers, on the farm bill that just passed the House, and find that she and I share some common ground on our views toward government.
Bad Idea: Have Your City Host A National Political Convention and the Super Bowl
City officials and the Broncos have applied for the Super Bowl to be held in Denver. The Republican Party has also applied to for Denver to host the 2016 GOP national convention. Let’s hope neither of these bids is successful.
‘Taper’ Proceeds Apace?
I was recently interviewed by Thomas Ressler for the industry publication Inside MBS @ ABS on the recent change in the Fed’s tapering of its Quantitative Easy program:
Remembering Rand
There are few more controversial people in political circles than Alisa Rosenbaum. But few people have heard of her, because the apoplectic responses are reserved for the new name she gave herself after she left Russia for America–Ayn Rand.
Rand has persistently been among the most demonized persons in America. Yet she sold over 30 million books, and still sells hundreds of thousands of copies every year, decades after her 1982 death, and Atlas Shrugged has been ranked behind only the Bible as a book that influenced readers’ lives.
Video: Hollenbeck on Income Inequality
Frank Hollenbeck discusses income inequality and central banks. This video supplements today’s Mises Daily article.