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Sunday, November 7, 2010

Parsing the Fed


Understanding the Federal Reserve is not easy given their convoluted, jargon-laden use of the English language. They have, however, improved since Alan Greenspan's tenure during which he took pride in confusing Congressional panels. It never seemed to bother him or Congress that he was mandated by law to explain the nation's monetary policy and, yet, publicly took pride in his ability to befuddle members of Congress.

Anyways...here is a link to the NPR "Planet Money" site (one of the very best resources for those interested in entertaining ways to learn economics) that parses the most recent Fed statement explaining the $600 billion quantitative easing policy. It uses a tool created by Slate's Jeremy Singer-Vine called "Plain English."

3 comments:

  1. I'd like to see it applied to some of Greenspan's past testimony.

    ReplyDelete
  2. How to say nothing in 10,000 words or less....

    ReplyDelete