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Saturday, November 28, 2009

"Independent Does Not Mean Unaccountable"

Thoma channels Bernanke who is defending the Fed against those who would strip it of powers.
He admits the Fed "did not do all that it could have to constrain excessive risk-taking in the financial sector in the period leading up to the crisis."

Economist's View: "Independent Does Not Mean Unaccountable"

Dean Baker is not impressed.

Nor is Naked Capitalism

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