Two very good blog posts today that I'll link here with minimal comment:
Capital Spectator has my back on the view that inflation is always and everywhere a monetary phenomenon. I've already posted on this subject too many times, so I'll leave it at that.
Economics, Markets, and Probabilities says the Fed wants to be more transparent. What better way than with an inflation target?
Monday, September 18, 2006
First Ever Accrued Interest Blog Roll
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