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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: pater tenebrarum who wrote (65894)10/1/1999 8:54:00 PM
From: BGR  Read Replies (1) of 86076
 
Heinz,

Last years crisis of confidence was solely among traders. Forget those spoilt rich and their peeing-in-the-pant position when thinking about the Fed's role. The general public maintained a level head and bought YHOO (as I remember seeing on CNBC).

I recommend The Return of Depression Economics by Krugman for a non-technical primer on monetary policy and assessment of credit bubbles . Alternatively, for a slightly more formal approach, try Solow (and Taylor)'s new book called Inflation, Unemployment and Monetary Policy.

-BGR.
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