sa<>Greg Ip runs down five myths about the Fed; No. 1: "By printing money, the Fed will create runaway inflation." 15 Comments
Five myths about the Federal Reserve
By Greg Ip Friday, November 12, 2010
The Federal Reserve's announcement on Nov. 3 that it will buy $600 billion worth of Treasury bonds to help boost the struggling U.S. economy reverberated around the world this past week, with condemnation from critics as varied as Sarah Palin and the president-elect of Brazil. Yet much of what the Fed and its chairman, Ben Bernanke, have done is shrouded in confusion and misperceptions.
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