Book notes: Peter Conti-Brown in The Power and Independence of the Federal Reserve describes some sensible reforms for the Fed.  (Reading the Markets)

Quote of the Day

"Unpredictable machines. Machines that act more like the weather than Newtonian gravity. That's going to take some getting used to."

(Jason Kottke)

Chart of the Day

The shift to mobile isn’t over. Half the world still needs a smartphone. (via @fredwilson)