“In his first extended public appearance since President Bush nominated him to lead the Fed, Mr. [Ben S.] Bernanke stoutly defended his proposal to base monetary policy on an explicit target for inflation and asserted that he would not weaken the central bank's lsquo;dual mandate’ of promoting full employment as well as stable prices.” (New York Times, Wednesday)
Just a little central planning.
FEE Timely Classic
“The Failure of the Middle Way” by Joseacute; Stelle
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