Summary:
After fourteen years of almost uninterrupted inflation of the money supply and near-zero interest rates, the Federal Reserve is talking tough on a tight monetary policy. But don’t look for a repeat of 1979, says economist Thomas Eddlem. Price inflation and real interest rates matter. It may be more like 1979 than 2009.
Guest Bio:
Thomas R. Eddlem is a freelance writer who holds a masters degree in applied economics from Boston College. He has written for Antiwar.com, the Foundation for Economic Education, the Future of Freedom Foundation, LewRockwell.com, and The New American magazine among others. He is also Communications Director for the Libertarian Party of Massachusetts.
Links:
Tom’s Libertarian Institute Author Page
Libertarian Party of Massachusetts Blog
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