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Wessel on Milton Friedman
futureofcapitalism.com
The Wall Street Journal's economics editor, David Wessel, writes in a column headlined 'What Would Milton Friedman Do Now?": "Markets anticipated low and falling inflation—until Mr. Bernanke began talking about QE2 in late August, a sign that markets believe Fed's bond-buying will boost inflation, as the Fed desires." With gold prices rising to more than $1200 an ounce in July 2010 from below $800 an ounce in October 2008, it seems an overstatement to declare flatly that until late August markets anticipated low and falling inflation.
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Prescriptions for Recovery
futureofcapitalism.com
Under the headline, "Prescriptions to Revive Recovery," the economics editor of the Wall Street Journal, David Wessel, endorses a list of ideas to spur economic growth in America that are almost comically bad.
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Prescriptions for Recovery
futureofcapitalism.com
Under the headline, "Prescriptions to Revive Recovery," the economics editor of the Wall Street Journal, David Wessel, endorses a list of ideas to spur economic growth in America that are almost comically bad.
Read More...
Wessel on Milton Friedman
futureofcapitalism.com
The Wall Street Journal's economics editor, David Wessel, writes in a column headlined 'What Would Milton Friedman Do Now?": "Markets anticipated low and falling inflation—until Mr. Bernanke began talking about QE2 in late August, a sign that markets believe Fed's bond-buying will boost inflation, as the Fed desires." With gold prices rising to more than $1200 an ounce in July 2010 from below $800 an ounce in October 2008, it seems an overstatement to declare flatly that until late August markets anticipated low and falling inflation.
Read More...
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David Wessel
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