Thursday, August 15, 2013

So How's that Inflation Fear Working Out For You?

Krugman: Hawks, Doves, and Ostriches "More than four years ago Allan Meltzer issued a dire prediction: the Fed’s policy of expanding its balance sheet will lead to high inflation. We’re still waiting for that to happen. So it might behoove Meltzer to admit that he was wrong and ask where his analysis went wrong."

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