Despite the astonishing flood of more than a trillion dollars in new commercial-bank reserves that the Fed created in late 2008 and early 2009, when it undertook to rescue the big banks and other institutions from the consequences of their boom-time mistakes, Ben Bernanke has insisted that the Fed can and will contain this inflationary [...]
Source: http://biggovernment.com/rhiggs/2011/03/05/bernankes-macroeconomic-errors/
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