Coming Financial Collapse Moderated Message Board

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Strategies & Market Trends : Coming Financial Collapse Moderated

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To: pater tenebrarum who wrote (429)	7/3/2001 12:12:25 AM
From: NOW	Read Replies (2) of 974

Could this actually be referenced to the US? "The way to make monetary policy effective, then, is for the central bank to credibly promise to be irresponsible - to make a persuasive case that it will permit inflation to occur, thereby producing the negative real interest rates the economy needs" Krugman, writing on Japan Perhaps AG denying inflation in the face of inflation means he is just as willing to promise irresponsibility to fight the dreaded " liquidity trap" web.mit.edu

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