Yellen says rising US deficit unsustainable: ‘If I had a magic wand, I would raise taxes’

The United States is taking on too much debt right now, a problem that is will only worsen moving forward, former Federal Reserve Chair Janet Yellen said Tuesday.
— Read on www.cnbc.com/2018/10/30/yellen-says-rising-us-deficit-unsustainable-if-i-had-a-magic-wand-i-would-raise-taxes.html

The debt monster again.

Paul Volcker’s New Memoir: A Broadside Against his Successors? | Mises Institute

Paul Volcker, the cigar smoking former Chairman of the Federal Reserve Bank, literally and figuratively towers over his successors (he is reportedly 6’7″). Mr. Volcker is the the last Chair under whose tenure American savers could earn a decent rate of interest, the last Chair who demonstrated any meaningful political independence (clashing with presidents Carter and Reagan),
— Read on mises.org/power-market/paul-volckers-new-memoir-broadside-against-his-successors

Trump’s Haters Claim His Fed Criticism Is Dangerous – They’re Wrong | Mises Institute

One of Donald Trump’s gravest sins in the eyes of financial punditry has been his willingness to openly criticize the actions of the Federal Reserve. According to the Serious People in Washington and New York, the President voicing his opinion on monetary policy is a dangerous challenge to the independence of the central bank.
— Read on mises.org/power-market/trumps-haters-claim-his-fed-criticism-dangerous-theyre-wrong