The Fed: Defending the Indefensible
In defending the Federal Reserve against what CNBC considered to be “an unprecedented level of attacks,” former Fed governor Frederic Mishkin said it...
About: Bob Adelmann
Posts by Bob Adelmann
Bloodbath Coming?
White House deficit commission co-chairman Alan Simpson spoke at a Christian Science Monitor roundtable on Friday morning saying, “I can’t wait for the...
The National Debt: Scary Facts, False Conclusions, and Gumption
When Anthony Mason, CBS News' senior business correspondent, visited the Treasury Room, he called it the location of “essentially the American credit card...
GMs IPO: Wheres the Weevil in the Hardtack?
Steven Rattner, former counselor to Treasury Secretary Timothy Geithner, celebrated in Huffington Post, “In the end, it was a blow out!” With the...
Anti-gun Zealot Nominated to Head ATF
Rather than wait for the new Congress to be installed in January, President Obama decided to press forward for the Senate confirmation of...
Exposing the Fed: The Ben “Bernank” YouTube Video and the Emperor’s New Clothes
William C. Dudley, president of the Federal Reserve Bank of New York, defended the Fed’s recent announcement to print more money (called Quantitative...
Chicago Climate Exchange Closes in Silence
On Election Day 2010, Reuters noted briefly that Intercontinental Exchange Inc. (ICE) was “shedding some 40 employees from its … Chicago Climate Exchange...
Deficit Commission Report: Deficit Reduction Lite
The co-chairs of President Obama’s Deficit Commission, Erskine Bowles and Alan Simpson, announced many of the possible recommendations that could appear in the...
Roubini v. Rockwell on the Gold Standard
New York University economics professor Nouriel Roubini made a name for himself back in 2005 by predicting the Great Recession long before others...
Bi-Partisan Effort to Cut Spending: A First Step Only
When the conservative National Taxpayers Union (NTU) and the liberal U.S. Public Interest Research Group (USPIRG) announced their report "Toward Common Ground: Bridging...
World Bank’s Trial Balloon Pops
Before the Internet, Robert Zoellick’s brief outline of suggested topics for the G20 meeting this week in Seoul, Korea, might have been considered...
John Allison: Free Market Banker
When asked during an “Online with Terry Jeffrey” interview about how to solve the debt crisis facing the country, former Branch Banking &...
Behind the Numbers: October Employment Report
Even though 151,000 new real jobs were added in October, according to the Bureau of Labor Statistics, the unemployment rate stayed at 9.6...
Restoring the American Dream
The incessant and never-ending drumbeat of bad news about the economy was deftly summarized here, which concluded that 16 new records had been...
Fed Celebrates Its 100th Birthday
In a remarkable show of both contempt and hubris, the Federal Reserve System announced that it will be celebrating its 100th birthday at...