If you are a hammer, every problem is a nail, and if you are a banker, every problem is a monetary problem. In a series of papers and speeches in the early millennium years ( 2011, Causes, Consequences, and Our Economic Future), Federal Reserve Governor Ben Bernanke outlined what the Fed might do when faced with near-zero … Continue reading Reawakening the Inflationary Monster: U.S. Monetary Policy and the Federal Reserve