Sunday, July 3, 2011

Our Galtian Overlords Fear the Inflation Monster!

The Wall Street Journal:
“Right now, the best contribution the Fed can make to the recovery is to keep inflation stable around 1.5% to 2.0%,” Lacker said in an exclusive interview. A traditional inflation hawk, Lacker is among those at the central bank who worry that prices could take off.
Because inflation is worse than debt death.   And it's such a problem now, too.  Unlike jobs... Jeez, can we fire this asshole?

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