All Commentary
Wednesday, June 8, 2011

Bernanke Says Fed No Panacea


“The leaders of the Federal Reserve are talking like people ready to sit down and let others take the lead in addressing the nation’s economic problems. ‘Monetary policy cannot be a panacea,’ the Fed’s chairman, Ben S. Bernanke, told an audience of bankers Tuesday in Atlanta.” (New York Times)

Not a panacea? Can it cure anything at all?

FEE Timely Classic
“‘F’ as in Fed” by Sheldon Richman