Too Big to Bail

Great post from Economist's View about where our reliance on risk distribution went wrong. 

Discussion about China's Exchange Rate and Trade Balances from Econbrowser.

Placebo Effects: Part 2 Thoughtful analysis of where we stand in the global financial crisis.

I was browsing through the podcasts over at EconTalk and listened to a great discussion with Tyler Cowen from Marginal Revolution. The host, Russ Roberts, brought up an interesting point about a tension that exists when the Fed increases the money supply in order to lower interest rates.

We hear in the [...]

There has been a lot of debate recently regarding the Fed's independence. Many want the Fed to be more accountable to the people and there is even a bill out there that seeks to audit the Fed.

What are the arguments for independence?

The Fed has been fighting the bill that [...]