Inflation Hawks: Mugged by Reality, Again

Remember how the Fed's easy money stance was supposed to drive commodity prices higher and higher? Ooops. S&P GSCI Index dropped 24% since April, signalling a bear market 4 Oct, 2011, 0506 hrs IST, Bloomberg LONDON: Commodities fell to a 10-month low as signs of a contraction …

Read more

Written by David Frum on Tuesday October 4, 2011

Nice Central Bank You Have Here

One of the highest forms of political jiu-jitsu is to accuse your opponents of exactly the same offense that you yourself then proceed to commit. If executed properly, the audacious maneuver will stun critics into silence - and overwhelm spectators so impressed by the Parson's sermon against …

Read more

Written by David Frum on Monday August 22, 2011