I sometimes question whether some business writers ever took an economics class, that’s why I’m always willing to speak on background to anyone with questions.
The recent talk of Fed actions is a case in point. This BusinessWeek piece about today’s Fed is almost incomprehensible to the average readers. This WSJ journal piece is better written and offers a good history lesson.
For a more in-depth lesson on the debate among policy makers regarding monetary policy, I’ve not found anything better than this old piece from NRO. The events are dated but the lessons timeless.