wwhyte
Jun 27, 2012 07:00
- Why Bernanke’s not doing more | Felix Salmon
This is a Matt Yglesias point originally, but worth repeating: if the central bank has credibility on inflation, it doesn't need to keep inflation low all the time. It only needs to keep inflation low to establish credibility. If a focus on low inflation right now is keeping employment down, and if the
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