A Bullish Case For Janet Yellen, Our Confused New Fed Chairman

Posted on 12/01/2014 by forbes

As is well known now, Janet Yellen was confirmed last Monday as Fed Chairman. On its face, this should concern those who desire economic growth. Figure the Fed itself is superfluous. We don’t need a...

Why Did They Call It The "Federal Reserve" System?

Posted on 23/12/2013 by forbes

One hundred years ago today President Wilson signed the Federal Reserve Act, thus creating the Federal Reserve System, our central bank. It wasn’t called the Bank of the United States, following the...

100 Years Later, The Federal Reserve Has Failed At Everything It’s Tried

Posted on 20/12/2013 by forbes

On Dec. 23, 1913, President Woodrow Wilson signed the Owen Glass Act, creating the Federal Reserve. As we note its centennial, what has the Fed accomplished during the last 100 years? The stated...