An important public service message from the Curious Capitalist (photo by Mrs. CC): There are signs like this all over the Bay area. Have been for weeks. The Chronicle reports that Caltrans is spending close to $1 million to warn people. I’m very curious as to how many will nonetheless be shocked and surprised when [...]
The indispensable Greg Ip, in today’s W$J, tries to explain what makes the Bernanke approach different from the Greenspan one: The Fed historically has had two major economic duties. Maintaining financial stability is one. Controlling inflation while preventing recession is the other. To Mr. Greenspan, market confidence and the economy’s growth prospects were so intertwined [...]
