Lastly, strong economic growth does not cause inflation.Thankfully Bernanke understands this, and is reining in the excess expansion of the money supply after the 9/11 attacks.
Inflation is a monetary phenomenon. Inflation can exist in a strong or weak
economy. However, inflation erodes living standards and undermines the
foundation of the economy. A stable currency is essential to long-term economic
success.
Tuesday, August 15, 2006
The Roaring Naughts!
Brian Wesbury lays out the case for limited government. I wish the current members of congress would read this article and head its lessons to stop spending and expanding government at a torrid pace. Finally he has message for the Fed.
Labels:
Economy
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