Bernanke Takes On Krugman’s Criticism Ignoring Own AdviceBloombergApr. 27, 2012 |
Patriot ACT on Steroids: FISA Bill Forces 'An Enormous Range' of Businesses to Act as NSA Spies
John Hagee Cheers Israel-Iran Battle as 'Gog and Magog War,' Will Lobby Congress Not to Deescalate
Israel to Extend Water Agreement With Jordan 'For Helping Shoot Down Iranian Drones'
Report On HIAS-Linked NGO 'Encouraging Illegals to Vote Biden' Called Into Question
Ukraine Tells The U.S. It Wants to Be Treated Like Israel
Federal Reserve Chairman Ben S. Bernanke took on Nobel prize-winning economist Paul Krugman yesterday and called his advice to reduce unemployment by boosting inflation “reckless.” “The question is, does it make sense to actively seek a higher inflation rate in order to achieve” a slightly faster reduction in the unemployment rate, Bernanke said yesterday to reporters after a Federal Open Market Committee meeting. “The view of the committee is that that would be very reckless.” Read More |