First, the Trial Balloons What is all this fuss I hear about the Supreme Court decision on a “deaf” penalty? It’s terrible! Deaf people have enough problems as it is! –Befuddled spinster Emily Litella, one of Gilda Radner’s several characters on the original Saturday Night Live. Emily Litella comes to mind as the murmuring about...Read More
Economic Theory, Then & Now The U.S. is now 234 years old, and yet over half the nation’s money supply was created since Helicopter Ben took over the flight controls four years ago. –David Rosenberg; Chief Economist, Gluskin Sheff It’s hardly a saving grace for today’s financial mess, but it HAS been gratifying to see...Read More
Pick Your (Economic) Metaphor The real question is, now what? Government interventions are only meant to light a fire under the real economy and unleash what John Maynard Keynes called our “animal spirits.” But government dollars can’t sustain growth. Like it or not, the stock market is bigger than the Federal Reserve and the U.S....Read More
