Look at the Jobs Report to See How America Has Changed, and Continues to Change

by Fabius Maximus, FabiusMaximus.com Summary: The news media coverage has expanded during the past 20 years, but probably only giving more heat than light. Hence the frequent assertions during 2010-2011 (eg, seen in the comments on the FM website) that we were in a recession — or even a depression. On the other end of …

The Fed: It’s Neither Impotent nor Omnipotent but Has Political Limitations

by Guest Author Fabius Maximus Summary: Although one of the most power agencies of the US government, obsessively discussed in the financial news, it remains one of the least well understood. Here we examine the limitations on its power.  Readers can decide for themselves if these limitations are too tight, or too loose. Chapters in …

GSEs and the Housing Crisis: Studies Ignored

by Guest Author Fabius Maximus Summary: Among our most serious problems is the success of well-funded engines of propaganda at manipulating public opinion, making effective public policy reforms almost impossible. Here we examine one example, convincing Americans that the government caused the housing bubble. This is a follow-up to Facts are an obstacle to the …