Schwarz is critical of FED

Anna Schwarz, co-author with Milton Friedman of A Monetary History of the United States, 1867-1960 is critical of current Fed chairman Ben Bernanke. Hat tip: Alex Tabbarok of Marginal Revolution. Since 1980 the monetarist regimes of the Fed have been largely successful at controlling inflation, but easy credit conditions following the bursting of the tech stock bubble in 2000 probably contributed to the sub-prime mortgage crisis.