Paralysis at the Fed
By PAUL KRUGMAN
New York Times,
Ten years ago, one of America’s leading economists delivered a stinging critique of the Bank of Japan, Japan’s equivalent of the Federal Reserve, titled “Japanese Monetary Policy: A Case of Self-Induced Paralysis?” With only a few changes in wording, the critique applies to the Fed today. ...............
http://www.nytimes.com/2010/08/13/opinion/13krugman.html?_r=1&th&emc=th
