- In 2010, a host of people wrote an open letter to the Fed warning against the inflationary risks of unconventional monetary policy.
- Recently it turned out that none of these signatories repented.
- We’ll argue that they got their risk assessment inside-out and explain why deflation was always the much bigger risk.
Deflation, Rather Than Inflation Was Always The Bigger Risk
December 13th, 2014 · No Comments
Tags: Monetary policy