My latest New York Times blog posting argues that the Fed's massive injections of liquidity over the past year have been largely offset by open market sales and are unlikely to cause an acceleration of inflation. You may find it here.

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This entry was posted on Thursday, October 9th, 2008 at 4:54 pm and is filed under monetary policy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Inflation Not Accelerating!”

  1. Don the libertarian Democrat Says:
    October 9th, 2008 at 9:51 pm

    Is there a trade off? In other words, by taking these actions, are we guaranteeing higher inflation in the future?

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