Free Republic

Though there are important differences in the the flavors of UKIP and the Tea Party in the US, both groups represent a pro market, pro entrepreneur, deeply middle class, anti centralized government, and anti-establishment perspective. Both represent a reemergence of classical liberalism (with exceptions on both sides) on a large scale.

So are we. Just shocked. Hey, at least she said it publicly. That’s more than Mr. Bernanke ever did. Ms. Yellen says doesn’t understand why inflation is running hotter in the US than her models say it should be and why it ran cooler in Japan recently than her models predicted. Models, it’s always the models with Keynesians. Many modern economists like to think of themselves as scientists, or at least something close to scientists. But instead of white coats they wear tweed jackets and instead of verifiable results they produce excuses. Ok that’s a bit harsh but it’s not...