Fannie Mae is representative of all that's wrong with central planning institutions: it is a government-created conduit for carefully crafted financial and market socialism that the bureaucrats uphold for the purpose of propping up their fantasies for pandemic social engineering.
One myth upheld even by many people who has a basically sound outlook on monetary issues is the view that an inverted yield curve (where short term
I have been covering the story of the sovereign governments’ ongoing ventures into capital markets with their accumulated currency reserves (
“If you add up all the benefits, it’s really astonishing,” the New York senator and former first lady said, citing one study
Wealth cannot be created by means of loose monetary policy.
Though western central banks have not been printing nearly as fast as their Zimbabwe counterpart, they do have a long history of increasing the money supply. It forces one to ask how much of the growth in Western stock markets over the preceding twenty-five years has been created by a vastly increasing money supply, and how much is due to actual wealth creation.
A correspondent on the LRC blog refers to the
Bob Greifeld, the President and CEO of Nasdaq, was once a great critic of Sarbanes-Oxley (SOX), citing the anti-competitive drag that SOX helped to
