Ace of Spades Headlines

John Tamney: Obama's Nomination Of Janet Yellen Is A Blow To Recovery-Starved Americans
"Central bankers live for the attention of people infinitely wiser and more accomplished than they are, and clearly relish the fact that true achievers hang on their every word.... Policies and beliefs matter, but the citizenry should fear Yellen simply because she wanted to run the Fed. She wanted to run an entity that’s always been wrong, that according to the wildly successful former head of BB&T Bank (John Allison) had 'a 100 percent error rate in predicting and reacting to important economic turns' during his time running the bank." [rdbrewer]