In response to:

The Plight of the MBA Generation

Andy544 Wrote: Oct 07, 2012 11:06 AM

The last sentence said it all. Unfortunately, for 75 years the American economy has been run by people who are addicted to the 'Keynesian drug'. The arrogance and un-reality of an economy where people create boat loads of money out of 'thin air' - and then charge interest on it! - and politicians who borrow TRILLIONS of dollars of 'funny money' and spend it with ZERO accountabilty (or integrity) has created an 'Alice in Wonderland' economy that's totally disconnected from the laws of fiscal prudence. The whole un-real scenario is certainly NOT 'free enterprise' or 'capitalism' (we haven't had any 'free enterprise' leaders in D.C. since sometime in the 19th century), and it's about to come crashing down. Despite the Fed's 'smoke and mirrors'

Join the Debate!

All comments and users are subject to Townhall's new comments policy.

Read Full Story

The Plight of the MBA Generation

During the first-ever Federal Reserve press conference, Fed chair Ben Bernanke said the number of jobs in America was still 7 million behind the number of people employed when the recession began. When asked whether the Fed could do anything about long-term unemployment, Bernanke said the central bank has been fighting it with an aggressive monetary policy. But he admitted his crew operating out of the Eccles Building doesn't have any tools to make the long-term unemployed employable again.

Orginally published Monday, May 02, 2011

A day later the news came that first-time unemployment claims rose to 429,000 — up from...