Not All Information Is Beneficial.

One Might As Well Try To Perform Brain Surgery With A Sledgehammer.

The Central Bank Needs To Be Able To Make Policy Without Short Term Political Concerns.

Monetary Policy Is Not A Panacea.

There's No Denying That A Collapse In Stock Prices Today Would Pose Serious Macroeconomic Challenges For The United States. Consumer Spending Would Slow, And The U.s. Economy Would Become Less Of A Magnet For Foreign Investors. Economic Growth, Which In Any Case Has Recently Been At Unsustainable Levels, Would Decline Somewhat. History Proves, However, That A Smart Central Bank Can Protect The Economy And The Financial Sector From The Nastier Side Effects Of A Stock Market Collapse.

Speaking As Somebody Who Has Been Happily Married For 35 Years, I Can't Imagine Any Choice More Consequential For A Lifelong Journey Than The Choice Of A Traveling Companion.