“For all intents and purposes, Bernanke has said that the Fed is going to relentlessly focus on the variable it can’t control (employment) at the risk of causing bad news for the variable it can control (inflation). Since that hasn’t worked in the past, it presumably won’t work in the future. For those of us who worry about the pernicious impact of inflation, it’s possible that the Fed will soak up all this excess liquidity at the right time. But don’t hold your breath.”
(Visited 27 times, 1 visits today)
Related posts:
Paul Craig Roberts: Assault On Gold Update
Lew Rockwell & Joe Salerno: War, Terror, and Banking
Police Deserve No Sympathy Until the Blue Line Breaks
Trump Travel Bans, Then And Now
Oppose War with Syria
Bill Bonner: A New American Century?
Is Cyprus a New Energy Battleground?
Detroit's Future in the Face of Bankruptcy
Do We Really Want a Cold War II?
Understanding Gold Market Dynamics
Ron Paul: When they came for the Raw Milk drinkers...
Risks Across All Markets Necessitate Careful Asset Allocation
Judge Napolitano Weighs In On Effort To Change U.S. Tax Laws to Go After Offshore Tax Havens
Cuba Denuclearized in 1962. Why Continue the Embargo?
Paul Craig Roberts: Democrats Confirm Torturer As Director Of CIA