Specifically, I had hoped that the anticipated addition of the Fed Funds targets of individual FOMC members which I thought was a bad idea would at least weaken their previous collective commitment to keep that rate at its near-zero level at least until mid-2013 which I also thought was a bad idea.

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Various rules have been proposed, including a price-level rule (zero inflation), an inflation target rule (2 percent inflation), a nominal GDP target, and a Taylor rule designed to control the growth of nominal income by controlling the monetary base.

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By the way, Hughes Marino is the family business, and with essentially zero professional experience to prepare her for a director-level position of this magnitude, Hughes imparts a series of leadership lessons to hopefuls eager to follow in her footsteps.

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We then assigned each level of performance a number from zero to 10. (The highest one-tenth in each category received a 10, the second tenth a 9, and so on.) The higher the number, we assumed, the more pain that industry would suffer with respect to that specific variable.

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