Tag: economics

Everything is Just Fine

Cognitive Dissonance In May of 2006 at the height of the housing bubble, then Fed Chairman Ben Bernanke gave a speech at the Federal Reserve Bank of Chicago’s 42nd Annual Conference on Bank Structure and Competition. https://www.federalreserve.gov/newsevents/speech/bernanke20060518a.htm. In the Q&A session he commented—”Rapid appreciation in house prices has made homeowners feel wealthy and has powered … Read more

Mr. Middle Class Economics

In light of the President’s SOTU speech last week, in which he must have been compelled to educate the “American Public” (in reality he was just speaking to the Republican majority in Congress) on what he feels would be best for our country going forward in what he called, “Middle Class Economics.” As a member … Read more