Comments on: Seven Brief FOMC Notes http://alephblog.com/2008/01/31/seven-brief-fomc-notes/ Helping Institutions and Ordinary People Invest Better by Focusing on Risk Control Fri, 25 May 2012 17:02:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jeffhttp://alephblog.com/2008/01/31/seven-brief-fomc-notes/comment-page-1/#comment-16675 Jeff Thu, 31 Jan 2008 15:02:39 +0000 http://alephblog.com/2008/01/31/seven-brief-fomc-notes/#comment-16675 Thought-provoking ideas, David. "Behind the curve" is the over-used phrase of the year. Why do you believe that the Fed does not "think through what are complex decisions that might have unpredictable second order effects?" If second order effects are unpredictable, what policy implication does this have? Thought-provoking ideas, David.

“Behind the curve” is the over-used phrase of the year.

Why do you believe that the Fed does not “think through what are complex decisions that might have unpredictable second order effects?”

If second order effects are unpredictable, what policy implication does this have?

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