central banks

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Inflation is going away for a while

Posted October 8, 2008 - 07:14 by Philip Brewer

Personal Finance

Rocky beach

For a decade, starting in the mid-1990s, the Federal Reserve kept interest rates too low and expanded the money supply too quickly. Their theory was that, as long as consumer prices were stable, they must not be creating too much money. We now know that they were wrong.

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