Must-Read: Lawrence Summers: 5 reasons the Fed may be making a mistake http://delong.typepad.com/summers5-reasons.zip: “The… paradigm… is highly problematic.  Much better would be a “shoot only when you see the whites of the eyes of inflation” paradigm… …more credible, more likely to result in the Fed’s satisfying its dual mandate, reduce risks of recession, and increase … Continue reading Must-Read: Lawrence Summers: 5 reasons the Fed may be making a mistake