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What Is An Emergency? Afghanistan Or Our Children?

Congress is about to pass an additional $32 billion to pay for the war In Afghanistan. It will have overwhelming bipartisan support, with legislators eager to display their fealty to the troops in an election year. At the same time, the Congress is struggling with a...

100% Pure Wall Street Astroturf

Astroturf is the term for manufacturing an artificial appearance of grassroots concern about an issue. The idea is to pump a bunch of money into a PR campaign that makes it look like there is public support for something, to either make politicians think the public...

Ben Bernanke Thinks We Are Idiots

Ben Bernanke Thinks We Are Idiots Or that we have the attention span of a tadpole. Or he mistakenly read a speech written in 2006 when Alan Greenspan was still the Maestro. In a speech in Tokyo yesterday, Federal Reserve Chair Bernanke warned that central banks must...

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