Stockman: What Inflation Would Look Like In A True Free-Market Economy

Authored by David Stockman via InternationalMan.com, There is nothing more substantive than Bernanke’s original finger-in-the-air proposition that the Fed needed a 200 basis point cushion in the inflation rate in order to steer the economy clear of the dreaded 0.0% inflation line, the other side of which allegedly amounted to a black hole of deflationary […] Source