Joel E Lewis

While I have been critical of the Federal Reserve (especially the Greenspan years), my beef with them has been their judgment and decision-making process. Congress, on the other hand, is a whole different matter. Its not their judgment, but rather, the fact they are owned not by the American people, but by lobbyists, and corporate [...]

From an article comparing what Obama has done to what McCain might have done, an insightful (and factual rather than speculative gem): The dirty little secret that many people don’t realize is that monetary policy, not fiscal policy, has been much more aggressive in addressing the current crisis. In fact, trillions of dollars more aggressive. [...]