IN all the commentary about Ben S. Bernanke’s recent speech in Jackson Hole, Wyo., little attention has been paid to six crucial words: “in a context of price stability.” Those words concluded a discussion by Mr. Bernanke, the Federal Reserve chairman, of what tools the central bank could consider appropriate to promote a stronger economic recovery.Ordinarily, a central banker’s affirming the importance of price stability is not headline news. But consider the setting. There is great and understandable disappointment about high unemployment and the...
Source: http://www.realclearpolitics.com/2011/09/19/a_little_inflation_can_be_a_dangerous_thing_263745.html
Ted Kennedy John Kerry Ban Ki-moon Henry Kissinger Dennis Kucinich
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