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Avatar of Easy Money, Augur of Hard Times

Summary:
Janet Yellen is back. And I’m unavoidably put in mind of the manifold follies of Keynesian central banking… In the wake of the Dow Jones Industrial Average crossing 30,000, the S&P 500 Index closing at a new all-time high, the Russell 2000 Index having its best month ever in November, and the Nasdaq Composite continuing […]

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Janet Yellen is back. And I’m unavoidably put in mind of the manifold follies of Keynesian central banking… In the wake of the Dow Jones Industrial Average crossing 30,000, the S&P 500 Index closing at a new all-time high, the Russell 2000 Index having its best month ever in November, and the Nasdaq Composite continuing […]
David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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