Fed Folly, Part 1

[magus341]

I have refrained from commenting very much on current events, except to vent my frustration with the bailouts and the stimulus package. However, I feel like commenting a bit on central bank policy. Nothing said here will be new to anyone familiar with Scott Sumner, Bill Woolsey, or even a careful (very careful) reader of Paul Krugman (link not

Comments

[psyllogism]

This post reads like a well-written Wikipedia article, what with all the hyperlinked words all through it :-)

[magus341]

Thanks! I realized I'll need to finish up my Banking article before moving on to my next installment on the crap the central bank is doing.