Saturday, September 08, 2007

Read this first

Is the international monetary system viable? Are America's twin deficits a problem? Is Fed policy responsible for more harm than good. Is inflation targeting a good idea? Will our unfunded social security liabilities wreak havoc? What are the economic risks as we asses the future?

And is the glass half-full or half-empty?

The Spring/Summer issue of The Cato Journal features a symposium on "Federal Reserve Policy in the Face of Crises". Reading the 16 papers was so informative and so enjoyable that I plan to go back to reread them in about a week.