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Nullius in verba
- Feb 15, 2011
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http://krugman.blogs.nytimes.com/?_r=0Remember when the likes of Paul Ryan accused Ben Bernanke of printing too much money, solemnly intoning that “There is nothing more insidious that a country can do to its citizens than debase its currency”?
I mean, it could be that the inflation hawks have learned their lesson, that they realize that volatile commodity prices aren’t a very good guide to policy, and that it makes sense to focus on core inflation. But I’ve seen no sign of a rethink.
Or it could be that inflation phobia is deep pure and simple, and no evidence will shake the state of perm-fear.
Paul Krugman is the best
CrusaderFrank
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