The Federal Reserve Movie

“What do you know about the Federal Reserve?” an interviewer asks a woman. “Not much,” she replies and then laughs. In all honestly, this is the likely response that a lot of people would have when asked this question.

Why the Fiscal Cliff is Called the Fiscal Cliff

Over at the Financial Times Cardiff Garcia has a great explanation about who coined the “fiscal cliff” (Ben Bernanke), why it has stuck, and why it’s a dumb name (“If policymakers don’t work out a solution by January 1st, the harm is not immediate. Nor is it irreversible, nor is it even all that perilous at first.”)

Rich Getting Richer

Nothing Is Funnier Than a Ten-Percent Joke

Jokes about the economy are so great, especially when you (when I) understand them.