SHY - Explaining Fed Accountability
I frequently get questions about my recent proposal to increase Fed accountability and transparency. Thus I thought it might be useful to make another attempt to explain the idea, based on some of the misconceptions that I have come across in conversation. Here are nine important points to keep in mind:
Point #1: The Fed already does what I am asking it to do, but not in a systematic way.
All sound organizations will evaluate past decisions in order to learn from mistakes. Because the Fed is clearly a sound organization, Fed officials do