Saturday, October 18, 2008

Reassurance

. Saturday, October 18, 2008

I don't see that they've achieved what they should have been trying to achieve. So my verdict on this present Fed leadership is that they have not really done their job.


That is Anna Schwartz, one of the foremost economic historians in America, particularly in the areas of the Fed, the Great Depression, and monetary policy in general. More here.

(ht: Mankiw)

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