Wednesday, December 17, 2008


It will be interesting to see what the Fed does now that it has gone ZIRP (Zero Interest Rate Policy).  Obviously cutting interest rates is no longer on the table.  There is more discussion of printing our way out of this mess.  Here is Ken Rogoff on increasing inflation.  Here's Greg Mankiw with more of the same. Here's Paul Krugman.  Arnold Kling Dissents.

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