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Thursday, November 1, 2012

Monetary

News                                                                                                                             
Bloomberg | Bernanke Depression Guru Seeks Roosevelt Well-Being
Ben S. Bernanke argued for 15 years that the Federal Reserve should announce a numerical inflation target. When he finally got his way in January, the victory allowed the central bank to elevate its other mandate: full employment.

Econ Comments & Analysis                                                                                            
AEI | A crass failure at the IMF
It was said of the Bourbons that they learnt nothing and forgot nothing. One wonders whether the same might not be said of the IMF in its gross mishandling of the European debt crisis.