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lsandersonParalysis at the Fed
By PAUL KRUGMAN
Published: August 12, 2010
But then, we've always emulated Japan sinking into the mud through this recent unpleasantness; never Sweden plowing like an ice-breaker with a razor sharp bow through the ruined banks.
By PAUL KRUGMAN
Published: August 12, 2010
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. More
But then, we've always emulated Japan sinking into the mud through this recent unpleasantness; never Sweden plowing like an ice-breaker with a razor sharp bow through the ruined banks.
