Blog Archives

The Fed and the Green Economy

While the Fed’s mandates have historically been financial in nature, recently, political/social mandates have also been imposed upon it. One of these is combatting climate change. It’s a puzzle to us how the Fed – which controls a portion of … Continue reading

The Congressional Budget Office is as Bad as Anyone at Forecasting

Since it is political “silly season”, and every politician under the sun is broadcasting plans for programs designed to catch the voter’s eye, we thought it was worth looking at how accurate cost forecasts of these programs are. Large projects … Continue reading