Thursday, October 8, 2015

My letter to the WSJ re: Why is the Fed worried that inflation is too low?

Re: Fed's Rate Delay Spurred by Worry Over Low Inflation, Minutes Show

Dear Sirs:
Can anyone please explain why the Fed is worried that inflation is too LOW? Did no one at the Fed live through the high inflation years of the 1970's, which were caused by excessive money printing in the 1960's to fund LBJ's guns and butter policies? Inflation is the silent thief of the people's wealth. In a just world the Fed's very words would condemn it to charges of failure to safeguard the currency of the nation at the expense of the people.

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