For whom is the Federal Reserve supposed to work?

From The Wall Street Journal: Overseas Bankers, Officials Urge Fed Not to Waver on Interest-Rate Rise Some international officials have a message for the U.S. central bank: Get on with it already By Jon Hilsenrath | Updated Aug. 27, 2015 7:04 p.m. ET JACKSON HOLE, Wyo.—After months of forewarning by Federal Reserve officials that they …

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The Success of Socialism

From The Wall Street Journal: Venezuela’s Food Shortages Trigger Long Lines, Hunger and Looting Violent clashes flare in pockets of the country as citizens wait for hours for basics, such as milk and rice By Maolis Castro and Kejal Vyas | Aug. 26, 2015 5:30 a.m. ET LA SIBUCARA, Venezuela—Hours after they looted and set …

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Site issues

We’ve been battling accursed spammers installing malwate and site redirects. This has necessitated updating the theme — the physical appearance of the site — to get rid of it. I’ll be slowly working back to the original presentation, but I can’t do everything at once.

Obligatory Stock Market Drop Post

There’s a fairly good discussion going on on Patterico’s Pontifications. And from The Wall Street Journal: Investors Grasp for Answers Amid Wild Stock Rout Investors try to assess whether selloff is just a short-term pullback or a signal of deeper trouble By Corrie Driebusch | August 24, 2015 7:58 p.m. ET Concerns about China’s economy …

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The Federal Reserve Board of Governors: trying to manage the economy based on flawed theories

I’m back from vacation, and I spotted this article in The Wall Street Journal: The Fed Has a Theory. Trouble Is, the Proof Is Patchy As central bank ponders raising rates, it looks to the Phillips curve By Ben Leubsdorf |August 23, 2015 2:00 p.m. ET Federal Reserve officials might raise interest rates soon because …

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First world problems and the First Amendment

From The Washington Post: Remove the Southern belle from her inglorious perch By Elizabeth Boyd1 | August 14, 2015 When administrators at the University of Georgia declared a ban on hoop skirts in the spring, I could only think, what took you so long? But in that sense UGA was really no different from other …

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Rule 5 Blogging: On Active Duty

It’s the weekend and time, once again, for THE FIRST STREET JOURNAL’S version of Rule 5 Blogging. Robert Stacey Stacy McCain described Rule 5 as posting photos of pretty women somewhat déshabillé, but, on this site, our Rule 5 Blogging doesn’t put up pictures of Mila Kunis in her summer clothes, but women, in full …

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From Around the Blogroll

From The Wall Street Journal: Clinton Defies the Law and Common Sense The question of whether Hillary Clinton’s emails were marked top secret isn’t legally relevant. Any cabinet member should know that. By Michael B. Mukasey | Aug. 14, 2015 6:49 p.m. ET Hillary Clinton’s use of a private email server to conduct public business …

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