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Ben Bernanke "Deflation: Making Sure It Doesn't Haoppen Here"

Discussion in 'The Economy' started by Chris C, 16th Dec, 2008.

  1. Chris C

    Chris C Well-Known Member

    2nd Apr, 2008
    Brisbane, QLD
    Ben Bernanke, wrote a speech back in 2002 on the threat of Deflation which I have just recently read and I just thought I'd see what everyone else thinks:

    Speech, Bernanke --Deflation-- November 21, 2002

    This article seems to have been written as if he was looking through a crystal ball, and centers around the premise that even when the federal funds rates hits zero there is still scope for the central bank to intervene against the deflationary recession through economics tools - though it would appear that Ben leans towards a quantitative easing approach of devaluing the USD.

    Definitely a good read.