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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (96681)	4/19/2009 3:31:41 AM
From: mishedlo	2 Recommendations Read Replies (1) \| Respond to of 116555

Does Inflation Targeting Make Any Sense? globaleconomicanalysis.blogspot.com Calculated Risk has framed an interesting Inflation Debate Between Volcker vs. Kohn without weighing in on the matter. I will gladly weigh in, but first let's review the articles. In the Wall Street Journal article Heavyweights Kohn,Volcker Spar Over Inflation Goal Volcker was quoted as saying "I don't get it," ... By setting 2% as an inflation objective, the Fed is "telling people in a generation they're going to be losing half their purchasing power." In a Bloomberg article Volcker Says Fed’s Authority Probably to Be Reviewed... Mish