News
Bloomberg | No Inflation Proves Critics of Fed’s Bernanke Wrong
Two years ago, Federal Reserve Chairman Ben S. Bernanke suggested he would embark on a second round of asset purchases, sparking criticism in the U.S. and abroad that he risked a rapid acceleration in prices. Since then, inflation has held near the Fed’s goal of 2 percent, and bond traders predict prices will accelerate at about that rate during the next five years.
Econ Comments & Analysis
Forbes | Ask Greek Citizens About Soft (Drachma) Money, And If They Like It
Throughout the past hundred and fifty years or so, especially in U.S. politics, a manipulated currency (“soft money”) was favored by left-leaning interests, in practice the Democratic Party.
