â€œTextbooks describe economics as the study of the allocation of scarce resources,â€ said Ben Bernanke on Monday morning. â€œThat definition may be the â€˜what,â€™ but it certainly is not the â€˜why.â€™â€ He was speaking to the International Association for Research in Income and Wealth, and â€œwhyâ€ is not a question that Federal Reserve chairmen tend to ask in front of any audience. The Fed is charged with two precise, measurable tasks: Keep unemployment low and prices stable. These are indexes, numbers on a scale, and if a Fed chairman can keep them where they should be, he can be satisfied that he has done his job. In that sense, Bernanke is playing the worldâ€™s most complex video game.
"There is no room in mainstream conservatism or at YAF for holocaust deniers, white nationalists, street brawlers, or racists."
California Tried To Fine a Company $10,000 for Ordering Blind People Ubers and Lyfts Without a Permit
GoGo Grandparent gives people without smartphones a way to use rideshare services. Regulators think that's a problem.
Can't buy it? That's okay, you can easily get the pieces to build one yourself.
A German Museum Tried To Hide This Stunning 3D Scan of an Iconic Egyptian Artifact. Today You Can See It for the First Time
After a three-year freedom of information campaign, everyone can finally see the Egyptian Museum of Berlin’s official scan of the Bust of Nefertiti.