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The Federal Reserve flawed approach to monetary policy

Cato Institute
by James A. Dorn

08/24/11

After two rounds of quantitative easing, unemployment is still above 9% while annual CPI inflation stands at 3.6%. Technically, the U.S. is now facing the prospect of stagflation. Yet, some economists are calling for up to 4% inflation to get the economy moving again. Printing money is not a panacea for the ailing U.S. economy...

http://www.cato.org/pub_display.php?pub_id=13609

Informant: Thomas L. Knapp

http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=U.S.+economy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Federal+Reserve
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=monetary+policy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=quantitative+easing
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=unemploy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=James+A.+Dorn
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Starmail - 29. Aug, 09:21

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