The Phaserl


Inflation Is Too Low? Are You Kidding Us Bernanke?

by Michael Snyder, Economic Collapse Blog:

Federal Reserve Chairman Ben Bernanke said this week that inflation in the United States needs to be higher.  Yes, he actually came right out and said that.  It almost seems as if Bernanke is trying to purposely hurt the middle class.  On Wednesday, Bernanke told the press that “both sides of our mandate are saying we need to be more accommodative“.  Of course he was referring to the Fed’s dual mandate to keep unemployment and inflation low, but Bernanke has a very unique interpretation of that mandate.  According to Bernanke, inflation in the U.S. is now “too low“.  The official inflation rate is currently sitting at about 1 percent, and Bernanke insists that such a low rate of inflation is not good for the economy.  He would prefer that the rate of inflation be up around 2 percent, and he is hoping that more “monetary accommodation” will help push inflation up and the unemployment rate down.

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1 comment to Inflation Is Too Low? Are You Kidding Us Bernanke?

  • Slvrizgold

    There needs to be a lot more GDP growth, revenues, payrolls, tax revenues, etc. to service the world’s debt and inflation is the only way it’s gonna happen. The “when” part is the only thing. Surely nibbling some silver and gold at near production breakeven cost is not a bad entry point???

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