Interesting Inflation News Links (May 07, 2009)

* The Economic Need for Stable Policies, Not a Stimulus [Extended version] (Jeffrey D. Sachs, Scientific American)

The U.S. political-economic system gives evidence of a phenomenon known as instrument instability. Policy makers at the Federal Reserve and the White House are attempting to use highly imperfect monetary and fiscal policies to stabilize the national economy. The result, however, has been ever-more desperate swings in economic policies in the attempt to prevent recessions that cannot be fully …

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