Ben Bernanke?s road to inflation

President Obama’s 2009 stimulus has been a disappointment: the Keynesian response is that it failed because it was not big enough. So, now we have Ben Bernanke’s rescue act: the Federal Reserve is set to engage in quantitative easing at monthly levels of $40 billon. In similar vein, the European Central Bank has announced its willingness to buy government debt to relieve distressed sovereigns. If those ‘threats’ are implemented, inflation is likely to soar.

Read the full blog post here

Source: http://www.iea.org.uk/blog/ben-bernanke%E2%80%99s-road-to-inflation

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