I was at the New Orleans Investment Conference last week and wasn't able to prepare a blog post.  This week's post is a companion piece to the one written two weeks ago on the CIA. 
http://www.the92ers.com/blog/cia-federal-reserves-equal-capitalizing-chaos-it-creates

SUMMARY:

Hardly a day goes by without the Federal Reserve featuring prominently in the day's events - economic and otherwise.  How did it ever come to pass that the handful of people on the Fed's Open Market Committee could play such a huge role in the world's largest economy, and the well-being of more than 300-million people?  More trenchantly, does this scenario even make sense in a country

Legendary college football coach Paul "Bear" Bryant gave a rather simple explanation for his success as a coach.  He said,
"If anything goes bad, I did it.
If anything goes semi-good, we did it.
If anything goes really good, then you did it. 
That's all it really takes to get people to win football games for you."

Economics has long been called 'the dismal science.'  One of the myths around the origin of this name goes back to the economic ideas of Thomas Malthus.  Malthus believed that human ingenuity was no match for an increase in human population.  Malthus - with mathematical precision that would make a physicist blush - predicted a future of collapsing living standards, mass starvatio