Must-Read: Ryan Avent over at Democracy, making the argument for a monetary policy regime change http://democracyjournal.org/magazine/45/making-monetary-policy-great-again/: Historically, when monetary “regime change” has occurred—when the public has been jolted out of a bad equilibrium into a good one—it is as a result of a political shift. It was Roosevelt that delivered regime change—by suspending gold convertibility—not the Federal … Continue reading Must-Read: Ryan Avent: Making Monetary Policy Great Again