In deciding to raise short-term interest rates by half a point, to 6.5%, on May 16th, Alan Greenspan, the chairman of the Federal Reserve, has clearly decided to pourcoldwateron America's red-hot economy.
While we can expect the Obamacare bashers to pourcoldwateron this good news, there is no denying that the law is paying some dividends in the critically important effort to bend the cost curve in healthcare delivery.