Commentary on Bernanke's reappointment.

Granted, this isn't one of his better pieces..not that there's anything wrong with it, it's just pretty standard stuff...but if you're a non-economist, you'd be hard pressed to find someone who does a better job explaining economic concepts to you.

In this piece, you can see a level-headed assessment of what's happened here in my home district (DC) over the last bit of time as a result of the monumental expansion of government powers under Bernanke's watch. It's not pretty, and it's a great example of broken windows.

There are a lot of suits that won't be purchased due to the open paycheck the Fed's been burning through.

Alright, quiz time.
1) Name the most interesting thing in this image (from an American perspective).
2) Name the thing that SHOULD be there, but isn't.

Answers after the break...see if you can guess beforehand. Points will be awarded.

If someone says "commitment" to you, what does that word mean? Especially, and I'm speaking hypothetically here, in the context of marriage.

Gm "hopes" to make profit in 2011.

As do I (hope that I make a profit, that is). Any reasonable person could care less if GM makes another cent (and would likely prefer them to fail)...ummm...unless you hitched your horse to their carriage (sorry, mate)...but, then, I have to ask: why haven't you indexed? Here's the creator of the index fund on...well...index funds. This stuff isn't rocket surgery. Wanna listen to a dude who's prescience gains him some credibility? Check out Taleb in Black Swan or Fooled by Randomness. Note: podcasts w/ Taleb also available on econtalk.

HAHAHAHAHAHA...."A slump in sales forced GM to file for bankruptcy protection this week."
Subtext: "...and when we say 'slump,' we mean, 'damn, this has been like a drunk monkey taking the bar exam.'"

Say it with me, folks: Debacle. It really is atrocious that the BBC didn't say anything about the obvious tomfoolery and mismanagement that has been part and parcel of GM for...oh....years, nor the governmental coddling that allowed this sort of atrocity.