Fed Policy Disagreement

[psztorc]

A cool (short, readable) Fed Policy document: http://www.richmondfed.org/publications/research/economic_brief/2014/pdf/eb_14-07.pdf

Claims that the Fed should focus only on preventing the money supply from falling. Cites increasing moral hazard and some cool facts I didn't know about relative frequency of banking crashes at different points of time and in different countries.

[zack]

http://www.libertarianismo.org/livros/pshaegawic.pdf

I am a fan of the Fed's broken economics right now.
Since I hold bitcoin, their counterfeiting only helps me.