Bernanke and company are trying to reflate the economy with almost stated objective of inflation at 2 percent and higher in order to provide some type of safety margin for a future recession. That's where they want to go. ↗
In the '30s, the Keynesian stuff worked at least in the sense that you could print money without inflation because there was all this productivity growth happening. That's not going to work today. ↗
By the time I became chairman and there was more of a feeling of urgency, there was a willingness to accept more forceful measures to try to deal with the inflation. ↗
Venezuelans are tired of 14 years of promises and no results. The only things growing are inflation, murder and crime. The good indicators - production, education and jobs - are all falling. ↗
...Inflation had risen to the unimaginable figure of just over 100,000 percent by the end of 1947--and it was to go to 2,870,000 percent by the end of 1948... ↗