“Dr. Robert P. Murphy explains that price inflation is the *plan*, not a regrettable byproduct, of QE3. He quotes from economists Scott Sumner and Paul Krugman (linked below). http://www.themoneyillusion.com/?p=16251
http://krugman.blogs.nytimes.com/2012/09/20/the-trouble-with-fedspeak/
Murphy’s blog is:
http://consultingbyrpm.com/blog ”
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