For the blogosphere, the most entertaining part of the Federal Reserve's meeting today was Ben Bernanke's defence during the press conference against Paul Krugman’s charge that he has betrayed his academic past in his failure to ease more aggressively and aim for higher inflation. That is a pity because while it was great theater, it obscured a more important revelation.
What would Krugman do? Federal Reserve Chairman Ben Bernanke's most convincing critics are not arguing with the Fed's ultra-low interest rates, they are uniting behind the banner of economist Paul Krugman, berating Bernanke and frie... Read Post
This past Sunday, Paul Krugman penned a screed in the New York Times Magazine (entitled, somewhat unflatteringly in my opinion, “Earth to Ben Bernanke”) that expanded on the content of an ongoing debate in the economics blogosphere ... Read Post
The Federal Reserve just unveiled historic policy measures as a result of its December policy meeting. At 2:15 PM ET, Fed Chairman Ben Bernanke will begin a press conference explaining the decision. We will be covering Bernanke's co... Read Post