"Science does not answer questions, it creates better questions."

- e. a. graham

What Policy?

The Federal Reserve has opened the door to going a different direction:

Federal Reserve Chairman Ben S. Bernanke signaled he’s ready to dig deeper into the central bank’s toolkit after cutting interest rates almost as much as he can, opening the door to a shift by policy makers this month. [Read]

Most of what is planned and has been implemented is similar to what the Japanese tried with little success.

The best thing the government can do is get out of the way and let the necessary corrections happen, but it looks like we will get the government we appear to deserve: a great deal of intervention that exacerbates the problem.

posted at 10:21:35 on 12/02/08 by clearpolitics - Category: Economics - [Permalink]

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