The Yawning Gap Between Bernanke-1999 and Bernanke-2012 on Appropriate Monetary Policy
Tim Duy on the Difference Between Bernanke-1999 and Bernanke-2012: Federal Reserve Blogging: "Why One Would Use a Balance Sheet Recession to Shift Downward The Path of Prices Is Certainly Something of a Mystery"

Quote of the Day: April 27, 2012

"I shall argue that there was a point in human pre-history when big-brained, cultural, learning people for the first time began to exchange things with each other, and that once they started doing so, culture suddenly became cumulative, and the great headlong experiment of human economic ‘progress’ began. Exchange is to cultural evolution as sex is to biological evolution."

--Matt Ridley, The Rational Optimist