All Your Marbles Are Belong To Us

We’re all subprime now, so says the general consensus by economists while the Fed bails out Bear Stearns and provides corporate welfare to the tune of over $13 billion daily $28 billion in just three days. How did this happen, I and David Leonhardt ask? Steve Randy Waldman tries to explain it to us: Alice, […]

Bernanke’s Tub Overrunneth

Fed cuts rates, again, this time by a half-point, dropping its short-term interest rate to 3% for a total of a 1.25% cut in eight days.

Takes on Economic Crisis

The Federal Reserve announced Tuesday morning the biggest one-day reduction of interest rates on record, by three-quarters of a percentage point to 3.5 percent. I read the news with great interest, having just digested a lengthy article on Ben Bernanke, the chair of the Fed as of 2005, in the Sunday NYT. I learned three […]