...there is a fundamental principal at work here. There are a series of incentives and disincentives at work here, and most of these are purely political. We assume that we are living in a free market. The reality is that, increasingly, we line in an economic world created in Washington.

...there is a fundamental principal at work here. There are a series of incentives and disincentives at work here, and most of these are purely political. We assume that we are living in a free market. The reality is that, increasingly, we line in an economic world created in Washington.

It's a long way from Philadelphia to San Francisco...

It's a long way from Philadelphia to San Francisco...

It's a long way from Philadelphia to San Francisco...

It's a long way from Philadelphia to San Francisco...

Over-steering is when the driver veers first one way, then overcompensates the other way, jerking the passengers from one side to the other. Over-steering is precisely how today's Federal Reserve Board is guiding monetary policy.

Over-steering is when the driver veers first one way, then overcompensates the other way, jerking the passengers from one side to the other. Over-steering is precisely how today's Federal Reserve Board is guiding monetary policy.

Over-steering is when the driver veers first one way, then overcompensates the other way, jerking the passengers from one side to the other. Over-steering is precisely how today's Federal Reserve Board is guiding monetary policy.

Over-steering is when the driver veers first one way, then overcompensates the other way, jerking the passengers from one side to the other. Over-steering is precisely how today's Federal Reserve Board is guiding monetary policy.