Ben Beranke

By now many of you have seen this, but James Bullard, the head of the St. Louis Federal Reserve Bank – one of the Federal Reserve member banks that has historically been more conservative with regard to loose monetary policies, I might add – gave a speech today in which he responded to a question … Continue reading

I grew up in Germany, a country that went through hyperinflation twice during the 20th Century. Maybe that’s the reason I learned inflation is bad and inflationary policies are diabolic….