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Re: Does the US have a Revenue or Spending Problem?
Old 04-27-2012, 06:26 PM   #4
Bond
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Default Re: Does the US have a Revenue or Spending Problem?

That's fair, but I honestly don't know enough about how all of those factors affect one another to say any more.

The Federal Reserve used to target a "range" of inflation (I think around 1.7-2.2%), but Bernanke set a specific target rate for the first time earlier this year at 2%. So far the inflation rate has hovered around the target.

I think the Fed is actually doing an okay job with inflation, especially when you consider the crazy alternative, i.e. Paul Krugman: http://www.nytimes.com/2012/04/29/ma...1&ref=magazine
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