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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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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What the Democrats think of the working class: they’re just Trailer Park Trash.

From Breitbart: Dem Chair: Tea Party Came ‘Out of the Trailer Parks’ By Mike Flynn | August 5, 2015 Russ Feingold, who served 12 years as a hard-left Senator from Wisconsin and lost in the Republican wave of 2010, is hoping to make a comeback in 2016. It has been more than 80 years since …

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Bad news on home ownership

From ZeroHedge: US Middle Class Stays Dead: Homeownership Drops To 48 Year Low; Median Asking Rent Soars To All Time High Submitted by Tyler Durden on 07/28/2015 11:17 -0400 Three months ago, just as the last Census Homeownership and residential vacancy report hit, Gallup released its latest survey which confirmed just how dead the American …

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So, just who won with the Affordable Care Act?

With any legislation, there will be winners and losers, and the Patient Protection and Affordable Care Act is no exception. We already know who lost: people who already had health insurance lost, as they’ve seen their insurance rates skyrocket while being required to pay for coverage that they do not need. But who won? From …

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In the end, the Democrats want to take business decisions for businesses

From The Wall Street Journal: Clinton: Companies Fined for Wrongdoing Should Cut Executive Bonuses In wide-ranging Facebook forum, Democratic frontrunner also proposed boosting whistleblower rewards By Laura Meckler | July 20, 2015 6:26 p.m. ET Hillary Clinton, the Democratic frontrunner for president, said Monday that when corporations pay government fines for wrongdoing, the companies should …

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