Nate Silver on Reddit today at 1 p.m. CST.

Bobo Brooks pushes the Pete Peterson agenda and lies by omission once again by failing to mention the housing bubble.

Andrew Ross Sorkin waves away the housing bubble and financial crisis by classifying them as a once-in-a lifetime event:

While there is no question that the original rules would do a better job preventing the next 100-year flood in the banking system, their quick adoption most likely would have created their own drag on the economy because bank lending would most likely have been curtailed.

Hopefully Yellen is right and Bernanke will raise rates on reserves to slow the economy when it needs slowing in 2018 or whenever the output gap is closed.