DIGG THIS A recent story from the front page of the Wall Street Journal illustrates the bankruptcy of mainstream macroeconomic thinking. The piece contains so much nonsense that the only appropriate critique is to go through the article step by step: Shrugging off a flurry of grim economic news, stock investors pushed the Dow Jones Industrial Average up more than 10% as they anticipated new medicine from the Federal Reserve. I realize the WSJ is in the business of selling newspapers, and that calling injections of Fed funny money "medicine" is a catchy opening. But if our present crisis it … Continue reading Stop the Fed Before It Kills Again