Stephen Metzger

The Federal Reserve Has Failed Its Economic Mission

I read through most of the article and the first few of the responses that came up afterward. The article is convoluted and succeeds in obfuscating the issues by combining the relevant with the irrelevant. The responses, on the other hand, suggest the article lit a fire under a little band of Marxists (i.e., dangerous fools). Unfortunately, the little band has its man in the White House. I suggest we are moving not so much in the direction of the Soviet Union but rather in the direction of Argentina.

Signs of an Economic Bottoming Process

The only thing you don't discuss--and it is pretty critical--are the new taxes which the Dems will impose. Imposing higher taxes on upper incomes, on dividends, on corporations, and on capital gains translates into no growth and no rise off the bottom once the bottom (wherever that is) is reached.