saith Alan Blinder, a "liberal" mainstream economist, in today's NY TIMES: > these are pretty placid times for the nation's central bank. The United > States has not had an inflation scare for 15 years. While the Fed is now > raising interest rates, it is merely bringing them up from their previous > abnormally low levels to something more normal. And it is doing so at a pace > it calls "measured," with clear warnings at each step. No fuss, no muss, no > bother - and limited public interest....
>Today, not too many Americans are worrying about inflation, and the economy is doing pretty well.< and I thought there was a housing bubble, excessive consumer debt, etc. -- Jim Devine "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante.
