Paul Krugman: The Feckless FedQuicklink submitted by Sheila Samples Permalink
Become a Fan
|The Fed was supposed to be intellectually prepared for this situation. Mr. Bernanke has thought long and hard about how to avoid a Japanese-style economic trap, and the Fed's researchers have been obsessed for years with the same question. But here we are, visibly sliding toward deflation -- and the Fed is standing pat.|
The time limit for entering new comments on this Quicklink has expired.
This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.