“Once politics become a tug-of-war for shares in the income pie, decent government is impossible” – Friedrich Hayek Mr. Hayek was right! One year ago I thought 2011 would be the year politicians tackled fiscal reform. After all, government policy has been the wildcard overshadowing global markets since the financial crisis erupted in 2008. Whether […]
“During times of universal deceit, telling the truth becomes a revolutionary act.” -George Orwell A few weeks ago while in a diner I overhead a comment from a local politician that captured the essence of George Orwell’s quotation. The official said quietly to another person that the donor base supporting his political party was comprised […]
Since the financial crisis of 2008 the Federal Reserve has been working to satisfy its dual mandate of maximizing economic growth while also curtailing inflationary pressures. A first round of Quantitative Easing was followed by QE II, yet still the strength of the recovery is tepid.