In Our Country, Learned Ignorance

A Snarky But Accurate Description Of Monetary Policy Over The Past Five Years Is That The Federal Reserve Successfully Replaced The Technology Bubble With A Housing Bubble

But Wall Street People Are In Fact Very Smart; They're Funny, They're Not Company Men Who Work Their Way Up The Chain.

When The Fed Decides That Inflation Is Too High, They Have The Tools, And They've Shown Historically That They Have The Will, To Bring It Down. And, It Might Be Painful.

Are You, Or Is Someone You Know, A Gadget Freak? If So, You Doubtless Know That Wednesday Was Iphone 5 Day, The Day Apple Unveiled Its Latest Way For People To Avoid Actually Speaking To Or Even Looking At Whoever They're With.

As An Economics Professor I Am By Nature Inclined To The View That The Truth Isn't Out There, It's In Here - That Usually You Learn A Lot More By Thinking Really Hard About The Data Than You Do By Sniffing Around For Supposedly Inside Information.