All Commentary
Thursday, November 3, 2011

Fed May Jolt Economy to Boost Employment

“Federal Reserve Chairman Ben S. Bernanke signaled additional monetary stimulus may be needed to lower U.S. unemployment as policy makers projected little acceleration in growth after last quarter’s pickup.” (San Francisco Chronicle)

Inflation cannot create sustainable employment, but it might create an illusion that lasts through the election.

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