Must-read on the Fed response to the crisis. It's about power, financial rent, distribution, and imposed inequality with no appeal to just deserts. Rather, TINA.
I do wish Ben Bernanke all the best in his new jobs at Citadel and PIMCO and Brookings. I’m sure his new employers have a different perspective on decisions taken during the financial crisis than my own.Interfluidity
Bernanke on monetary policy and inequality
Steve Randy Waldman
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