For anyone out there thinking we were starting to get this whole credit crunch thing under control: kidding! Look what history-making we accomplished today (via CNBC.com via Reuters): Investors fearful of deflation and riskier assets scrambled to hand over cash to the US Treasury in return for no interest at an auction Tuesday, while some [...]
Why exactly is that, every time we put a government official in charge of some big, less-than-well-defined task, he or she becomes a czar? (Car czar, drug czar, energy czar, cybersecurity czar, there must be more.) I get why Führer and duce aren’t gonna work. But there are lots of other options: emperor, king, queen, [...]
