All Commentary
Wednesday, December 15, 2010

Fed Committed to Boosting Employment through Monetary Policy

“Federal Reserve policy makers indicated that signs of economic strength won’t deter them from pumping money into the financial system so long as unemployment remains elevated.” (Bloomberg)

As Hayek taught, inflation creates unemployment by luring workers into unsustainable enterprises.

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