Why Federal Reserve policy is failing They don't succeed because they can't succeed

We said yesterday that it’s better if the government quits trying to ‘direct’ the economy. Today, from The Wall Street Journal: Central Bank Tools Are Losing Their Edge Central banks have shown the will to hit their growth and inflation targets. But do they have the way? By Greg Ip | September 21, 2016 7:52 …

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Why bring in 110,000 refugees when we can’t take care of all of our own people?

We have previously noted that the ‘official’ U-3 unemployment rate of 4.9% is really a bogus statistic, and that the U-6 unemployment rate of 9.7% is a far more accurate indicator. In August of 2016, the “participation rate”1 in the labor force was 62.8% of the eligible population; that was lower than any August of …

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#CarlyFiorina and Zero-Based Budgeting

We noted yesterday one way that the Congress can get the budget under control and reduce spending. Another is zero-based budgeting, which is supported by Republican candidates Carly Fiorina and Jeb Bush and former candidate Rick Perry. Zero-based budgeting is a simple concept in theory, but a difficult one in practice: it requires each federal …

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€urosclerosis, part 3: Greece and its collapsing health care system

From : Health System Reflects Greece’s Ills BY CHARLES FORELLE ATHENS—A few years ago, George Gianakouras, a retired salesman of hotel supplies from the Greek port town of Volos, was feeling sluggish. His doctors diagnosed heart disease. He was given cardiac drugs and scheduled for angioplasty and stenting at a hospital in Thessaloniki, Greece’s second …

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