Academic

TYLER COWEN: Why hasn?t the Fed been targeting two or three percent inflation? ?I also regard this?

By Glenn Reynolds

TYLER COWEN: Why hasn’t the Fed been targeting two or three percent inflation? “I also regard this as a somewhat gruesome hypothesis. It means that ‘Main Street’ is paying for ‘Wall Street’ (forgive me the use of those awful terms) in at least two ways: high unemployment and inability to earn much on one’s savings.”

Full post as published by Instapundit.com on December 30, 2009 (boomark / email).