“The proof that none of them deserve the job is that they all want the job. Given that interest rates are climbing, that price inflation is not far behind, that we are likely headed for stagflation and that there is $2 trillion in excess reserves overhanging the economy, you really have to be clueless to want the job. There is no way the next Fed chair is going to look like anything other than a bumbling incompetent. It is dumb to want the position.”
http://www.economicpolicyjournal.com/2013/08/nyt-obama-narrows-field-for-fed.html
Related posts:
US institutions to expats: 'Take your retirement account elsewhere – now'
Digital Currency: Coming to a Store Near You
Cops running out of bullets? Thank the NRA
EU data law hits set-back in Germany
When in Rome
FBI facial records could contain 52 million images by next year
Federal Judge Strikes Down Utah’s Hairbraiding Licensing Scheme
California Good Samaritan Drug Overdose Bill Signed Into Law
Nigel Farage destroys Barroso's State of the Union
Put the World’s Top Asset Protection Jurisdiction on Your Radar
Meet “badBIOS,” the mysterious malware that jumps airgaps
Portugal and Greece highlight eurozone fragility
The FBI's Privileged Partners in Crime
Williams-Sonoma Pulls Pressure Cookers From Store Shelves
The Secret Service Agent Who Collared Cybercrooks by Selling Them Fake IDs