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Thursday, January 28, 2010

Why The Fed Is Unlikely To Prevent Inflation

Tom Emerson emailed this op-ed article by his Carnegie Mellon colleague, Professor Allan H. Meltzer:

The Fed’s Anti-Inflation Exit Strategy Will Fail: Sooner or later the pressure to lend out excess bank reserves will be unstoppable.

Posted by Thomas E. Brewton on 01/28 at 06:35 PM
Economics • (0) Comments • (0) Trackbacks
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