tag:blogger.com,1999:blog-1110014885778996459.post4927389929672438402..comments2024-03-28T11:48:09.419-07:00Comments on Idiosyncratic Whisk: The premise determines the conclusionKevin Erdmannhttp://www.blogger.com/profile/07431566729667544886noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1110014885778996459.post-2961524495531693742017-08-30T03:26:09.256-07:002017-08-30T03:26:09.256-07:00If core inflation hasn't even touched 3% for m... If core inflation hasn't even touched 3% for more than two decades, can we shelve the endless complaints of Fed largesse?--KE<br /><br />Oh, I could even say that since 1982---that is 35 years ago---we have been hearing the Fed is too loose, with an ulterior motive as a statist-inflationary institution. The government wants to pay back debt with cheaper dollars. <br /><br />In that time, inflation has fallen from double digits to under 2%, and is one recession away from becoming deflation. <br /><br />The private-sector bond market, through long-term interest rates, forecasts low inflation foo as about as far as the eye can see.<br /><br />But the Fed is too loose! The Fed is too loose! The Fed is too loose.<br /><br />That the "Fed is loose" is some sort of affinity- or virtue-signalling, or aging political statement. Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com