The Web as Peer Review

Interesting idea from Salon blogger Andrew Leonard that compare peer review to the current state of the web/blogosphere. In response to the idea that The Fed is not subject to peer review, Leonard writes: "Every move Bernanke makes is subject to immediate criticism, online, by scores of top-notch economists who incorporate it into their ongoing blogospheric dialogue about how to understand and manage the economy. This is not peer review as formally understood in an academic sense, but I think you can make the case that it is rapidly evolving into a potent public force." But the closing line is the real kicker, "Perhaps what Alan Greenspan needed, back in the day, was a livelier Internet."