Austan Goolsbee, former chair of President Obama's Council of Economic Advisers, makes a contradictory argument for loose monetary policy in a WSJ column on January 10th, 2014. Goolsbee claims that it’s time for “critics of quantitative easing” who “condemned the expansion of the balance sheet at the Federal Reserve as risking a hyperinflation…to admit they were wrong” because there has been no inflation. Price inflation requires both loose monetary policy and tight ... Read More
Ed Conard with Dagen McDowell and Connell McShane on Fox Business advocating for the Fed supporting innovation over inflation
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Yellen Should Focus on Innovation, Not Inflation
Bloomberg View By Edward Conard | November 21, 2013 President Barack Obama has shown a determination to redistribute wealth by increasing government spending, despite unsustainable deficits. We shouldn’t be surprised if Janet Yellen, the president’s nominee to be Federal Reserve chairman, shares his objective. After 30 years of Fed chairmen who pursued anti-inflationary policies, the central bank is now attempting to engineer an unexpected bout of inflation. One ... Read More
