Every few days, a senior Fed official expresses concern regarding the effect of high gasoline prices on inflation. These comments are always phrased in the way a meteorologist would report on the weather, as if the phenomenon in question is an act of nature. In fact, it is the Fed that creates, not cures, inflation. The surest way to stop it is to stop the printing presses–something that a government with massive debt and the desire to sustain a boom is not likely to do. [Full Article]
Source link: http://archive.mises.org/4255/is-the-fed-an-inflation-fighter-or-creator/
Is the Fed an Inflation Fighter or Creator?
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