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“Federal Reserve Chairman Ben S. Bernanke defended the central bank’s newly established price goal and rejected suggestions he was prepared to allow higher inflation to create jobs. “We are not seeking higher inflation,” Bernanke said yesterday….” (Bloomberg)

We’ll see.

FEE Timely Classic
“What’s Up with Inflation?” by Warren C. Gibson

Sheldon Richman

Sheldon Richman is the former editor of The Freeman and TheFreemanOnline.org, and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families.