Think You’re So Smart? Try Running the Fed
The San Fransisco Federal Reserve Bank has posted a neat little simulation of what it’s like for the Fed to try to set correct monetary policy.
In the game, you get the opportunity to change the federal funds rate every three months. You react to ‘news’ and try to keep the economy on an even keel. I’ve tried it a couple of times and even though there’s only one variable it’s surprisingly hard to do.
You’ve always wanted to be the Fed chairman. Now’s your chance.
