Dec 11, 2014

In Which I Confess, Once Again, That I Do Not Understand the Argument for the Taper as Long as Inflation is Below Its Target...: Monday Focus (Brad DeLong's Grasping Reality...)

[**Over at Equitable Growth**][1]: **Ryan Avent**: [Monetary policy: Quite Enough](http://www.economist.com/blogs/freeexchange/2014/11/monetary-policy): "The Federal Reserve completed... >...its taper of the programme popularly known as QE3.... The Fed's move looks shortsighted and dangerous.... There is little sign that labour markets are running out of slack. There are lots of downside risks...

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