“The dollar rose against the yen and the euro and government bonds fell after Federal Reserve Chairman Ben S. Bernanke said the bank will tighten monetary policy once the economy improves…. The Fed will need to raise rates ‘at some point’ to control inflation, Bernanke said at a Board of Governors conference yesterday in Washington. ” (Bloomberg, Friday)
And risk squelching the “recovery”?
FEE Timely Classic
“Inflation in One Page” by Henry Hazlitt
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