Our Economic Policy Is Up a Creek With a Paddle

Rather than parsing words and creating labels, I am trying to make the point that an economical­ly empirical Fed, directed by a Fed President with NO politics, would have a different management policy than does Mr. Bernake; one who, at a minimum, disputes the fallacy that "a little inflation is good for the economy."

It is NOT! (emphatica­lly!).

We can quibble about Progressiv­e Socialism, but "if it walks like a duck...."
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