The Edge of Tomorrow

"There are men, in all ages, who mean to exercise power usefully; but who mean to exercise it. They mean to govern well; but they mean to govern. They promise to be kind masters; but they mean to be masters." Daniel Webster

Thursday, December 2, 2010

Replace the Fed

Economist George Selgin, an old grad school professor of mine, explains why the Federal Reserve has failed, even judged by its own standards:

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