Hear: Are Central Bankers To Blame?

Graffiti near Canal Street.

tmonkey/Planet Money Flickr group

Today on Planet Money:

-- Economist Russ Roberts doesn't support president-elect Barack Obama's fiscal stimulus package. He talks about what it was like having the president-elect pitch the plan on his home turf, George Mason University.

-- Stanford professor John Taylor of the Taylor Rule thinks the government made some major mistakes in dealing with the current financial crisis. And he isn't shy about talking about them.

Bonus: Read Professor Taylor's analysis of what the government got wrong.