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Krugman Says Fed ‘Reckless’ to Allow High Jobless Rate May 1, 2012

Posted by proeconomia in Fiscal policy, Main, Monetary policy, News on Greece, On the crisis, Opinion.

Have a look at this article from Bloomberg, where Paul Krugman “denounces” Ben Bernanke for not allowing more inflation for reducing unemployment…Phillips curve re-born(!), although I would agree that employment should be given top status. The question is (of course) how we can do this better…any comments?



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