Timing is everything. Imagine publishing a book two weeks before a major crisis that is perfectly explained in its pages. Jeanna Smialek just did that. If you want to understand the financial crisis slowly unfolding right now, you can do no better than to read Limitless: The Federal Reserve Takes on a New Age of Crisis. If you took an economics course back when you were an undergraduate, you may think that you know what the Federal Reserve does. Your monetary policy education, however, is … [Read more...] about The Canary in the Fed’s Coal Mine