The View From 1776
Saturday, October 23, 2010
Fed Targets Nonexistent Problem
Drowning the economy with yet more excessive easy credit is intended, says the Fed, to forestall deflation. The problem is that there is no deflation.
Economist Robert Murphy surveys the prospect.
QE2 and the Alleged Deflation Threat
Mises Daily: Thursday, October 21, 2010 by Robert P. Murphy
The markets and financial pundits are all abuzz over the prospect of another round of quantitative easing