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I've been trying to read Krugman's book (I find it heavy on rhetoric and short on logic) and have been thinking about his babysitter analogy. I see RockyRacoon's point about the price-fixing. Maybe I'm wrong, but it seems to me there are other problems as well. In this analogy, the money...
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Here's a story I just wrote to help explain what the Fed's doing to wreck our economy. Please let me know if it helps. Normal 0 false false false MicrosoftInternetExplorer4 The Three Little Pigs and the Federal Reserve Crisis In their later years, they bought a yacht and sailed the seven seas...