Weekly claims for new unemployment benefits are in a holding pattern these days. But holding for what?
Daily Archives: April 26, 2012
Parsing The Finer Points Of “Reckless” Behavior For Monetary Policy
The word “reckless” is defined as acts that are irresponsible, wild, thoughtless, and the byproduct of someone who is utterly unconcerned about the consequences of some action. And for the record, Fed chairman Ben Bernanke wants you to know that he will tolerate none of those personal failings as a steward of the nation’s monetary policy.