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Thursday, November 18, 2010

Bernanke Promises Jobs through “Quantitative Easing”


“Behind closed doors, [Fed chief Ben Bernanke] told lawmakers that Fed studies show its program to buy nearly all the U.S. Treasury’s debt in the next eight months will help create 700,000 jobs, according to meeting participants.” (Washington Times)

Inflation sets the table for higher unemployment.

FEE Timely Classic
“Inflation and Unemployment” by Hans F. Sennholz