Sunday, August 31, 2014

Quartz: Janet Yellen’s Fed is more revolutionary than Ben Bernanke’s ever was

For a discipline that purports to measure whether people are better or worse off, economics produces an incredible amount of unhelpful data. Oft-revised readings of annualized rates of GDP growth. Monthly updates on non-defense capital goods orders, excluding aircraft. Current-account balances. Commercial and industrial loans. Capacity utilization rates. All of those numbers are hotly anticipated by […]

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