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.
Wednesday, December 30, 2009
Saddling Middle America
Tyler Cowen wonders Why hasn't the Fed been targeting two or three percent inflation? and doesn't like the implications:
Labels:
Economics and Economy,
inflation,
Tyler Cowen
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