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Channel: Did Janet Yellen Argue With Greenspan for Higher or Lower Interest Rates?
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Janet Yellen Solves the One-Hand-Other-Hand Dilemma

[quote]She was either pushing for higher interest rates or for holding the line on interest rates to let unemployment fall, she was not doing both.[/quote] Oh yes she was doing both. Finally an...

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Low Interest Rates Are Inflationary?

Japan has had low interest rates for decades, and the result has been low inflation. Low interest rates starve the economy of interest income. Furthermore, why should we encourage households to go...

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The debate would be less surreal if there were any evidence that central banks controlled inflation. There is none, and the idea that they could fine-tune inflation at 2% as opposed to 3% or attain...

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skepto...not just the banker...

It is not just the individual, it is another issue called time inconsistency. This is the Bernanke nee Greenspan put. If monetary policy is linked to economic outcomes, rather than price or inflation...

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Inflation above target is better

I wrote this today on my blog explained with a graph and data... "In other words, it would be better to have an inflation rate of 3% with an inflation target of 2%, than to have an inflation rate of 2%...

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