Monday, July 12, 2010

Paul Krugman Steps Up

Finally!

It's the first real, solid criticism of current Fed policy I've seen (other than this blog). That's been the troubling thing about this, not just that Fed policy is so bad, but that this badness goes unpunished. Universities pay thousands of professors to do economic research, and yet none of them seem to have noticed that Fed policy makes no sense.

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