Amusing/alarming fact of the day

Does the mighty Fed really control the information flow and ultimately the press? Prof. Larry White subjected this question to what the Fed must have thought was the indignity of factual verification. His findings support Friedman’s assertion. In 2002, 74% of the articles on monetary policy published by U.S. economists in U.S.-edited journals appeared in journals published by the Fed, or were authored (or co-authored) by Fed staff economists.

Rewriting the Fed’s history, National Post, January 21, 2010