Tag Archives: Central Banks

GLEANINGS FROM THE PASSING SCENE … (Politically Uncorrected)

Another weeks’ worth: The Illlinois governor was furious when the state retirement fund lowered its return forecast, sticking taxpayers with higher taxes. (7% return, down from 7.5%). The Japanese government blew $130 B of pension funds on stocks losses. (A … Continue reading

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Central Bank Snake Oil Persists …

 Central banks keep trying stimulus strategies that don’t work. Of course variations on government spending of money extracted from the economy cannot stimulate said economy. Government creates no wealth; it is the ultimate consumer of wealth. Government cannot stimulate an … Continue reading

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