Some links

Time to withdraw quantitative easing. Charles Goodhart, FT. An article requiring further careful consideration (after Obama's speech on Afghanistan). I want to know what Jim Hamilton makes of this. By the way, everything Goodhart writes is worthy of careful consideration. That has been my view for roughly 35 years, and the man has never let me down. I am on my third copy of "Money, Information, and Uncertainty". The first two fell to pieces through frequent handling, and the third is looking very battered.

A related news story, on the facing page of the FT. Fed takes first steps in exit strategy. Michael Mackenzie.

Remarkable photographs from Afghanistan. David Guttenfelder, Denver Post. (Thanks A&L.)

The climate science isn't settled. Richard Lindzen, WSJ. Now with improved credibility.