Hvordan redde verden? Visk opp litt inflasjon.

Inflation cartoon
Dette forslaget er ikke nytt, heller ikke argumentasjonen bak. Men historien kan fortelles overbevisende eller ikke. Her er en paragraf fra Manzie Chinn og Jeffery Frieden:

We’re not proposing a lot of inflation — just enough to reduce the debt burden to more manageable levels, which probably means in the 4 to 6 percent range for several years. The Fed could accomplish this by adopting a flexible inflation target, one pegged to the rate of unemployment. Chicago Fed President Charles Evans has proposed something very similar, a policy that would keep the Fed funds rate near zero and supplemented with other quantitative measures as long as unemployment remained above 7 percent or inflation stayed below 3 percent. Making the unemployment target explicit would also serve to constrain inflationary expectations: As the unemployment rate fell, the inflation target would fall with it.

Dette er vel det 74 subtile hintet til Ben Bernanke jeg har lest i artikkelform idag.

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