johnclubvec
2008-12-09 05:57:13
Apparently, deflation can be a lot worse than inflation; which is to say, sometimes, even though we may abhor the causes that brought us to that state, printing money can be a good thing, and we may actually be quite fortunate that Fed chair Bernanke understands this. (Treasury, as distinct from the Fed, of course, is an entirely different kettle of fish).
