The catastrophe that struck America’s financial system in 2008 was not inevitable. Rather than a failure of markets, it was a failure by government to understand its proper role in markets — and the product of an unwise (and unnecessary) abandonment of a sensible system of rules and boundaries that had served American finance well [...]
Today, leftist magazine TIME announced the “Person of the Year” 2009. Although I’m sure they took several conservatives into consideration, the title went to…
Federal Reserve Chairman Ben Bernanke.
So what did Bernanke do to deserve this honor? Well, not much, really, except for, you know, prolonging the economic crisis and drastically increasing the size of the [...]