The Fed’s Deflation Bugaboo Is Infectious: The Keynesian Commentariat Has Now Carried The Infection To The ECB

“Who can print money, will print money” is how my friend Patrick Barron put it succinctly the other day. This adage is worth remembering particularly for those periods when central bankers occasionally take the foot off the gas, either because they genuinely believe they solved the problem, or because they want to make a show […]
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