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Discussion: (2 comments)

  1. Benjamin Cole

    If you can’t see inflation with a microscope, then use a telescope…look far ahead…maybe someday we will have inflation, so tighten up.

  2. These posts remind of my old college professors who would always have a laundry list of reasons communism hasn’t worked out — so far. There was always some minor decision along the way that derailed the whole project. “If only this had been done that way!”

    The problem with the Fed isn’t the Evans Rule, a GDP Rule, the “Dot Plot,” or any other Fed nuance — it’s the very idea of a central bank trying to micromanage the economy. Statism never works, even in banking.

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