You needn't worry that Fed policy is too simplistic. Bernanke is a distinguished economist (as is Yellen) and this blog post doesn't even scratch the surface of the depth of his economic knowledge and background. That's…
Huh? It's reckless to guide economic policy by economic theory? How else do you propose the Fed sets interest rates, a Ouija board?
You needn't worry that Fed policy is too simplistic. Bernanke is a distinguished economist (as is Yellen) and this blog post doesn't even scratch the surface of the depth of his economic knowledge and background. That's…
Huh? It's reckless to guide economic policy by economic theory? How else do you propose the Fed sets interest rates, a Ouija board?