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Fed Ready to Fire Up the Printing Press
As we assess the benefits and costs of alternative policy approaches, though, we must not lose sight of the daunting economic challenges that confront our nation. The stagnation of the labor market in particular is a grave concern not only because of the enormous suffering and waste of human talent it entails, but also because persistently high levels of unemployment will wreak structural damage on our economy that could last for many years. – Ben Bernanke, Jackson Hole The Global Macro Monitor believes the benefits of money drops and quantitative easing, which helps generate asset inflation (though on a ... (full story)