The Fed's inflation 'solution'- MSN Money: "Now we have the Fed advocating that we pursue the same insane policies that have been the source of our economic ills -- as I noted earlier and have protested repeatedly for 17 years,. Does anyone in America really think that the inflation rate isn't high enough? Don't we all want lower prices?
It is just insane that the Fed (or its supporters) has a shred of credibility left. Historians are going to look back on this period and say people were literally out of their minds to fall all over themselves buying government paper -- bonds -- when nominal (and actual) rates were negative and while the Fed (and every other central bank) was intent on creating even more inflation."
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