The biggest problem with the Volcker rule

"I’m not confident this will be working 10 or 15 years from now," Sen. Jeff Merkley admits. "That depends very much on the folks who are working as regulators."

By Ezra Klein December 11, 2013

Volcker biographer: Bernanke needs to embrace lessons of 1970s

"The 1970s delivered two important messages. First, we can’t get a permanent reduction in unemployment by inflating. It doesn’t work. And second, we’ve got to worry about inflation even with unemployed resources. Waiting until we see a clear and present danger is too late."

By Neil Irwin September 25, 2012