Links: 2009-04-20

Blogs I now follow

  1. Tom Cole says

    By setting 2% as an inflation objective, the Fed is “telling people in a generation they’re going to be losing half their purchasing power,” Volcker said.

    …yes and we all know that in reality it will be much worse…

  2. Edward Harrison says

    Tom, apropos Volcker, I am definitely getting the feeling that Volcker is very ‘off message’ and he’s gone rogue on Obama. It is becoming increasingly obvious that he did not agree with Summers and Geithner on policy and that’s why Summers froze him out.

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