During the Greenspan-Bernanke era, the Fed has embraced the view that stability in the economy and stability in prices are mutually consistent. As long as inflation remains at or below its target level, the Fed's modus operandi is to panic at the sight of real or perceived economic trouble and provide emergency relief.
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"During the Greenspan-Bernanke era, the Fed has embraced the view that stability in the economy and stability in prices are mutually consistent. As long as inflation remains at or below its target level, the Fed's modus operandi is to panic at the sight of real or perceived economic trouble and provide emergency relief." — Steve Hanke #moneywealth
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During the Greenspan-Bernanke era, the Fed has embraced the view that stability in the economy…
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During the Greenspan-Bernanke era, the Fed has embraced the view that stability in the economy and stability in prices are mutually consistent. As long as inflation remains at or below its target level, the Fed's modus operandi is to panic at the sight of real or perceived economic trouble and provide emergency relief. — Steve Hanke
About Steve Hanke
Steve Hanke was a Economist from United States (1942–present).
Frequently Asked Questions
Who said "During the Greenspan-Bernanke era, the Fed has embraced the view that stability…"?
This quote is attributed to Steve Hanke, a Economist from United States.
When did Steve Hanke live?
Steve Hanke lived from 1942 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.