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Political Capital

Noah Buhayar

President Barack Obama listens to Japan's new conservative Prime Minister Shinzo Abe following their bilateral meeting in the Oval Office at the White House in Washington on Feb. 22, 2013.

Photograph by Jewel Samad/AFP via Getty Images

President Barack Obama listens to Japan's new conservative Prime Minister Shinzo Abe following their bilateral meeting in the Oval Office at the White House in Washington on Feb. 22, 2013.

Comparing Central Banks to Medieval Bloodletter

With Jeff Kearns The Federal Reserve’s zero-interest-rate policy has inspired plenty of criticism from investors, who say low rates punish savers and risk inflation. But comparing Fed Chairman Ben S. Bernanke and other central bankers to a medieval barber played...

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