In Pursuit of Virtue – Fall Is Coming Edition

Things floating around in these present times… “>”Food insecurity” isn’t an ongoing concern in the United States, as leftist hand-wringers claim. The methodology (not to mention special interested) that drove the study were flawed. A not-so-funny joke in our government: The Army, given $4.3 billion to track spending, can’t track spending. Psychopaths have bad sniffers.…

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The Fed Models Failure

The U.S. financial system faces a major, growing, and much under-appreciated threat from the Federal Reserve’s risk modeling agenda—the “Fed stress tests.” These were intended to make the financial system safe but instead create the potential for a new systemic financial crisis. The principal purpose of these models is to determine banks’ regulatory capital requirements—the…

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