We Need More Austrian School of Economic Thinkers

Said Einstein, "We cannot solve our problems with the same thinking we used when we created them."  Will economic manipulation play out better this time?

Obama Likely to Nominate Janet Yellen for Fed Chair

President Obama is likely to announce Janet Yellen as his nomination to replace Ben Bernanke.  Yellen is likely to accept and run the Federal Reserve much the same way Bernanke has, continuing QE3 ($85B/month Treasury purchase program, historically increased transparency).   

Don't Be Like Our "Fearless" Leaders in Washington

"There's an absence of any signs that political leaders are willing to face this problem and address and restructure these obligations," billionaire Paul Singer said.  If you're having financial troubles, don't follow Washington's lead.  Face the problem and come up with a plan to address them.