In a post a couple of weeks ago, I argued that the left, especially the anti-war left, should take libertarian criticisms of the Fed, and central banking generally, more seriously. On The New Republic's site on Wednesday, Alvaro Vargas Llosa has a nice short piece raising the whole question of why we need central banks. Good to see a moderate-to-left magazine ask the question. What appear to be a good number of Ron Paul supporters are among the commenters.

More thoughts on the issues over at The Austrian Economists.