Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Via Paul Krugman, it seems that, Summers or no Summers, we're going to have inflation fearmongering no matter what.

Such hard money obsession is baffling at times like these. The Fed is failing on BOTH its mandates since inflation is far below target, yet Obama wants above all to make sure that the Fed will keep inflation low. Crazy.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Mon Jul 29th, 2013 at 07:55:31 AM EST
The Fed is failing on BOTH its mandates since inflation is far below target, yet Obama wants above all to make sure that the Fed will keep inflation low. Crazy.

Not so crazy if you are a net creditor, or identify with those who are, as you are getting repaid with money that is worth more than the money you lent.  

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Jul 29th, 2013 at 10:25:58 AM EST
[ Parent ]

Display:

Top Diaries

Occasional Series