Scott Sumner jokingly wonders whether, having been credited by the press for badgering Ben Bernanke's Fed until it at last cried "uncle!" by announcing QE3, he now needs to worry about going down in history as the guy who gave the U.S. its first episode of hyperinflation. Well, probably not. But if Scott and the rest of the Market Monetarist gang don't start changing their tune, they may well go down in history as the folks responsible for our next boom-bust cycle. I'm saying that, not because, like some monetary hawks, I'm dead certain that no substantial part of today's...
invite response
http://www.freebanking.org/2012/09/15/2003-redux-or-why-market-monetarists-had-better-start-talking-the-dangers-of-qe3/