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Sunday, May 31, 2009

Why The Fed Will Not Be Able To Prevent Higher Inflation

As former Fed chairman Alan Greenspan admitted in post-meltdown testimony to Congress, no group of bureaucrats, no matter how intelligent or how well informed, can accurately predict the timing of economic turns or determine the correct theoretical equilibrium rate of interest.

Posted by Thomas E. Brewton on 05/31 at 12:50 AM
Economics • (6) Comments
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