…even Hot Air was more sedate in its title*. For those who are wondering, while grilling Fed Reserve Chair Ben Bernanke Rep. Waters confused the discount rate with the fed funds rate. And if you didn’t know what that means, either – well, Fox Business took the time to explain it:
The discount rate is what the central bank charges banks to borrow from the Fed at the “discount window.” The fed funds rate is what banks charge each other for overnight loans.
The former is apparently sufficiently small that the bank being charged it would find that passing the cost along is more hassle than it would be to just eat it. Or so I’m gathering: I’m an expert on snark, not monetary policy. That’s why I’m a blogger, and not a member of the House Financial Services Committee.
To combat the ability of terror groups to attract teenagers (note: there has only been one variety of terrorist doing this in the United States) the FBI has set up a website. It seems obviously incomplete
Share on Facebook 1 1 SHARES In almost all cases, when it comes to running an enterprise, most on the Right would agree that the private-sector can do a better job than the federal government. Moreover, in almost all cases, most on the Left would disagree with the above statement. So, why is it that the nation’s air traffic controllers’ union is ready to back | Read More »
Share on Facebook 1 1 SHARES This is what it is. A rumor. But it is a rumor sufficiently well-placed that Bill Kristol feels comfortable running with it: Trump 32; Cruz 26; Rubio 20; Bush 10; Carson 7; Kasich 2. Keep in mind this is not an internal campaign poll but one that will be published in the next day or so. Compare and contrast | Read More »
Share on Facebook 1 1 SHARES Nothing has been more disingenuous this entire campaign season – including Donald Trump’s entire schtick – than John Kasich pretending to be a nice guy for like a week in New Hampshire. Kasich got away with it because New Hampshire voters are apparently more addicted to heroin than previously believed, and also because everyone was busy watching Trump, Cruz, | Read More »
Share on Facebook 1 1 SHARES Rubio concedes the possibility of a brokered convention: Marco Rubio’s campaign manager now admits to ABC it could be a long slow slog: “We very easily could be looking at May — or the convention,” [Terry] Sullivan said aboard Rubio’s charter jet from New Hampshire to South Carolina on Wednesday. “I would be surprised if it’s not May or | Read More »