Larry Kudlow has an important essay on the one economic force stronger than oil and all the tyrants who ride in on it: The Federal Reserve.

He warns that the Fed doesn’t quite get it on interest rates – it’s obsessing over mortgage prices and risk management instead of commodity prices and the yield curve as it should be. Will the Fed lower oil prices – by destroying everyone’s economy? I agree with Larry in that I don’t think destroying something in order to save it is the way do something. This isn’t way democratic revolutions are best made/

Read Larry’s economic thinking in language a baby could understand here.