A must read if you’re at all confused (or if you agree) by Bernanke’s Washington Post op-ed piece from this past weekend on the future of the Federal Reserve and his role in it. Maybe, just maybe, this time the Senate will put the Fed in it’s place. The real answer would be to get rid of the Fed and get the government out of the money business altogether.
Read Bernanke’s piece here: http://www.washingtonpost.com/wp-dyn/content/article/2009/11/27/AR2009112702322.html
Professor Higg’s response: http://www.independent.org/blog/?p=4214
As usual, post your comments for me below.