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Inflation: is it Coming... or Going?
Posted: 07/03/09
By: tomgrisafi
Janet Yellen, president of the Federal Reserve Bank of San Francisco, said the Fed must not boost interest rates too quickly on concerns about inflation, or it will risk pushing the economy back into recession.
"I do not believe that there is a real threat of high inflation in the current situation," Yellen said.
"If anything, I'm more concerned that we will be tempted to tighten policy too soon, thereby aborting recovery."
There are now two primary camps for economists: those that believe inflation is inevitible and those that don't perceive inflation to be a threat.
Only time will tell which group will be wrong.
2 Comments
Guest
Posted: 07/03/09
Do you realize that the debt per capita in this country is higher than the per capita income? Now THAT is a problem. A really big problem.
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Guest
Posted: 07/03/09
You can't print money without the means to repay it in a timely fashion and NOT expect inflation. How did these people become economists?