Very Unhappy with the Federal Reserve, Duncan Black Is

Nevertheless, speak like Yoda, he does not, still:

Eschaton: Everthing's Terrible It's All Our Fault And We're Not Going To Change. The sociopaths at the Fed have spoken.

I've swung around to the view that Barack Obama's decision not to replace Ben Bernanke with Larry Summers was his worst unforced error, and his biggest mistake in governance.

Felix Salmon is equally unhappy with the Federal Reserve:

Monetary policy: Fed next: [T:]he Fed is acknowledging that inflation levels are...