Mises Wire
Author:
Gary Galles
Online Publish Date:
propose “solutions” which reflect a presumption that they know what the proper Fed policy is for whatever economic problems they see. Unfortunately, not only might or incomplete, or both, but there is a huge gap between identifying monetary policy issues and knowing the right answers to them — between Fed snipers and Fed the necessity, timing, magnitude, and mechanisms of policy changes (including innovations, such as the introduction on interest payments on bank reserves and their