Inflation and the Fed
April 03, 2009 at 05:06 AM EDT
Simon Johnson and James Kwak argue that Ben Bernanke is “radically redefining his institution,” and that his “willingness to pump money into the economy risks unleashing the most serious bout of U.S. inflation since the early 1980s, in a nation already battered by rising unemployment and negative growth.” This is, in essence, a [...]