As I posted earlier, the Fed does not care that the majority of Americans are still in the depths of a recession because the Fed doesn’t even bother to track data about the median American. But this is just showing…
Blog Archives
Mutilitarianism At The Fed
The US Federal Reserve (Fed) is the one and only institutions that is specifically in charge of fighting recessions and lowering unemployment. It used to be such a controversial institution that it was prepared for rioting. The Chicago branch of…
The Fundamental Value of All That Glitters
What drives the fundamental value of art? NPR reports that it has risen in line with the S&P 500 over the past 60 years but this is odd. The S&P 500 has risen because the firms have become more productive…
Posted in Macro
Medianism 