The idea that the Fed should be held accountable to the Congress and the public was originally treated as a crank notion pushed by extremists who did not understand modern finance. Well, the data are now public and there has been no implosion. Yet again, it turns out that the cranks were right, and those in positions of authority were either ill-informed or lying.
|By: Dean Baker Thursday December 2, 2010 7:35 am|
|By: Jane Hamsher Thursday June 4, 2009 9:30 am|
I saw Dana Milbank hovering for a few minutes at the back of the panel I was speaking on at America’s Future Now yesterday. He fills his word quota for the day by concluding that there were fewer people at this year’s conference and therefore less passion, but anyone who lived through the Clinton years should have been able to predict that if a Democrat won the White House most