The Federal Reserve’s flawed approach to monetary policy

posted by
August 28, 2011
Cato Institute
by James A. Dorn  
Posted in Commentary

"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." (08/24/11)  


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