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Don't Touch that Credibility!by Jeffrey Tucker, Mises Economics BlogOct. 09, 2010 |
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  WSJ: “As the U.S. economy struggles and flirts with the prospect of deflation, some central bank officials are publicly broaching a controversial idea: lifting inflation above the Fed’s informal target…. Both inside and outside the Fed, though, such an approach is controversial. It could undermine the anti-inflation credibility the Fed won three decades ago.”
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