“What is the Fed doing?” Lately, I get asked that question rather frequently. My response is invariably, “I have no idea. I don’t think even the Fed knows what it is doing.” And, therein lies an interesting problem, both economic and philosophical. The economic background. In 2008, faced with that Financial Crisis you probably heard something about, the Fed did the right thing in flooding the markets with liquidity. What we now know was happening was an … [Read more...] about Can the Fed Make a Decision?
Measuring out my life with coffee spoons ...and books
