Extreme aggregation misleads macroeconomists and the Fed

posted by
March 2, 2011
Liberty & Power
by Robert Higgs  
Posted in Commentary

"One error the Fed makes time and again is failure to recognize until it is too late that it has already built inflation into the system. So, we might well wonder whether the Fed is making that very error now. Several indicators suggest strongly that it is doing so." (03/01/11)

http://hnn.us/blogs/entries/137168.html  

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