What's Going On?
by rrusczyk, Dec 23, 2008, 8:04 PM
For the past couple days, I've spent a little time trying to figure out exactly what the Fed is supposed to do, and what it has been doing different recently. I feel like this is something I should know, and something a lot of people should know. But I don't feel like anyone does. (I even feel like if I asked Bernanke and Paulson to explain it to me, I'd get a shrug and maybe a smirk.) Anyway, if you're in the same boat, this seems like a good primer to me, though I confess I had to read it more than once to think I come close to understanding it (and I'm still not confident I do, at that).
Money is deeply weird.
Money is deeply weird.
February 2012
January 2012