Fed Policy Results Perverse
Fed Chief Ben Bernanke says “it is important to keep politics out of monetary policy decisions.” But monetary decisions powerfully and predictably influence political debates. (Photo by Associated Press)
A display case in the lobby of the Federal Reserve Bank here might express humility. The case holds a 99.9 percent pure gold bar weighing 401.75 troy ounces. Minted in 1952, when…
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