Kenn Jacobine's Page

It’s Déjà Vu All Over Again

Ben Bernanke has apparently added a little stand-up comedy to his bag of tricks. This past week, Chairman Bernanke indicated his belief that there are no “obvious” asset bubbles in our economy right now. To quote Bankruptcy Ben, "It's extraordinarily difficult to tell, but it's not obvious to me ... there are any large misalignments currently in the U.S. financial system."

What is he thinking? Th… Continue

Hassan Attack Could Have Easily Been Avoided

The primary responsibility of government is to protect its citizens from internal and external threats. Last week, that basic trust was shattered with the attack by Major Hassan on his comrades in arms at Fort Hood. Many ask the question, “How could this tragedy happen?” Easy, government, especially big ones, are inefficient, incompetent, and essentially answerable to no one. Look at the record. Washington has let us down on everything it has ever pr… Continue

Congressman Watt – Charlatan or Economic Imbecile?

Congressman Mel Watt (D-NC) is either a charlatan or ignorant of basic economics. Either way he is unfit to serve in Congress let alone serve as chairman of the Domestic Monetary Policy and Technology Subcommittee. This week Congressman Ron Paul (R-TX) announced that Watt took the knife to his bill to audit the Federal Reserve – The Federal Reserve Transparency Act of 2009 (HR 1207). According… Continue

New Federal Medical Marijuana Policy Fraught with Peril

On Monday Deputy Attorney General David Ogden issued a memo to federal prosecutors in 14 states regarding the Obama Administration’s position on medical marijuana. The memo declared that prosecutors “should not focus federal resources in your states on individuals whose actions are in clear and unambiguous compliance with existing state laws providing… Continue

Bernanke is between an Overheated Printing Press and a Hard Place October 16, 2009

Recent actions of the world’s central banks have sent a warning shot across the bow of the ship known as the Federal Reserve. Since July, 63 percent of all new cash going into foreign central banks have been euros and yen – not U.S. dollars. The greenbacks share of new cash, 37 percent, is far lower than… Continue