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Tuesday, February 28, 2012

Monetary

Econ Comments & Analysis                                                                                            
Washington Times | Fixing the Federal Reserve
There is a growing consensus that the Federal Reserve is broken - because it is. The Fed was established to provide price stability and prevent periodic banking crises. It has accomplished neither.
Forbes | How to Stop the Spike In the Price of Gasoline
Once again we are faced with the pain of higher oil and gasoline prices, and the spectacle of politicians and pundits blaming all the usual suspects: trouble in the Middle East, greedy oil companies, OPEC, China, gas guzzling cars, and America’s penchant to consume too much energy.

Blogs                                                                                                                             
Economist | Crunch time at the Fed
On Friday, Brad DeLong blogged a slide from a Christina and David Romer lecture on practical monetary policy at the zero lower bound.