Wonkbook: What the Fed got wrong
By Ezra Klein
You could take Jon Hilsenrath's article on the GOP's mounting opposition to the Federal Reserve as a lesson in the downside of extraordinary measures, and thus reason for the Fed to avoid doing more, both now and in the future. But you can also take it in exactly the opposite direction: as a lesson in the downside of policy failure, and a reminder of what happens when you do more without doing enough.
for complete article:
http://www.washingtonpost.com/blogs/ezra-klein/post/wonkbook-what-the-fed-got-wrong/2011/06/22/AGm5tbfH_blog.html?hpid=z2
DO SOMETHING!
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