Phony Problem

Forbes, Steve
March 2008
Forbes Asia;3/24/2008, Vol. 4 Issue 5, p13
The author criticizes the U.S. Federal Reserve Board for supporting the rise in inflation. The author argues that the notion of the Federal Reserve that it must choose between economic growth and inflation is false. He offers examples of instances when a country has both excellent economic growth and a stable currency. The author blames the inflation crisis to the Federal Reserve's decision to print too much money in 2004-2005.


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