Primary results : Incumbent Sen. Michael Bennett (D-Col.) wins nomination in Colorado, former pro wrestling CEO Linda McMahon wins GOP senate nod in Connecticut. Federal Reserve to buy long-term government debt , raising doubts about economic recovery.
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Reason Morning Links: Primary Night, Fed Gives Bad Sign on the Economy, Al-Qaeda Recruiting in Iraq
Barry Ritholtz drops the stunning news that former Federal Reserve Chairman and exuberant irrationalist Alan Greenspan will have a chair named after him at New York University. (I hope it’s a nice chair.) Curiouser and curiouser is that the endowment is coming from John A. Paulson, Goldman Sachs’s partner in the creation of the sucker-baiting “Abacus” mortgage-backed securities
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Greenspan Chair: So They Can Stop Blaming Him On Libertarians and Start Blaming Him on NYU
Federal Reserve considering new ways to intervene in stalled economy. Three alleged Al Qaeda members arrested in Norway ; officials say they were part of plot to attack Britain, U.S., too. CNN editor fired for praising Hezbollah mentor on her Twitter account.
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Reason Morning Links: Federal Reserve Ponders Action, Cuba To Release Prisoners, Ron Paul in 2012?
Chairman of the U.S. Federal Reserve Bank Ben Bernanke took a break from enabling deficits in order to pose as a deficit hawk in his audience with the Joint Economic Committee yesterday
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Bernanke: Give Me Balanced Budgets, But Not Yet
The long-awaited Consumer Financial Protection Agency will come a step closer to reality Monday when Sen. Christopher Dodd (D-Connecticut) introduces his new bill of financial regulations.
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Why Does Chris Dodd Want To Put the Fed In Charge of Consumer Protection?
Order another round of recession-is-over stories. Federal Reserve data show that U.S. households got slightly richer in the fourth quarter of 2009 — marking nine straight months of increasing household net worth.
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Zombie Banks Well Enough to Go Off Life Support While Living Fight Over Canned Goods
Dream sweetly, Americans, in your cardboard tents. With a sure hand on the tiller, Ben Bernanke is steering us through the night
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The Sweet Smell of Inflation, or, Never Trust Anybody Who Says “Nascent”
So says economist Arnold Kling: Rather than try to come up with an economic theory to explain Fed policy, I would suggest a more cynical approach.
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Understanding Federal Reserve Policy: It’s Politics, Not Economics
Federal Reserve chief Ben Bernanke has followed in the footsteps of you and Hitler by being named Time ’s person of the year . I don’t have much to say about the magazine’s pick beyond the sentiments I expressed seven years ago, when the winner was ” the whistleblowers “: My hat goes off to Time –not for its selection, but for once more inspiring so many people to discuss the world’s single vaguest annual award as though it were meaningful and important
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Gentle Ben Wins a Prize
Some Senators are wondering if Federal Reserve chief Ben Bernanke even deserves to keep his job. The ZeroHedge blog quotes a Hill account of Bernanke’s potential political trouble in his reconfirmation hearings, and provides a useful list of of questions that Ben should be asked in his confirmation hearings
