It is truly a digital age: gold bugs have gone virtual. I’m talking about Bitcoin, of course.  I realize that Bitcoin is not gold and has nothing to do with gold; it is a true cyber currency made of nothing but ones and zeros.  But its popularity is driven by the same forces that have...Read More

When it comes to quantitative easing, Fed Chairman Ben Bernanke is playing AA minor league ball at best.  If he ever wants to make the big leagues, he needs to take batting practice with Japan’s new central bank governor, Haruhiko Kuroda. In addition to the “usual” quantitative easing actions of buying government bonds, the Bank...Read More