Reviving '70s Stagflation ; Federal Reserve Monetary Policy Promises Inflation and Unemployment

Summary


As President Obama restores the Jimmy Carter-era solar panels to the executive mansion, Federal Reserve Chair-

man Ben S. Bernanke is bringing back Mr. Carter's monetary policy, running the printing presses faster than they've run since lava lamps and disco were in style.

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Reviving '70s Stagflation ; Federal Reserve Monetary Policy Promises Inflation and Unemployment

Mr. Bernanke's plan is to flood the market with currency by buying $600 billion...

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