February 19, 20215 min read, 986 words
Published: February 19, 2021 | 5 min read, 986 words
so long ago, during the age of Milton Friedman, the chief concern of monetary policy was inflation. The Federal Reserve’s job was seen as a balancing act: Too low a money supply would slow spending, and too much would erode purchasing power. Of course, given the inoculation of mo...
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