The first order of business for new Fed members Yellen, Diamond and Raskin likely will be to...

|By:, SA News Editor

The first order of business for new Fed members Yellen, Diamond and Raskin likely will be to "print enough dollars to make something happen in the U.S. economy," Jim Grant says while skewering the Fed's "lack of intellectual rigor" on deflation as a threat. "If the world produces more at lower prices, is that so bad? Would [the Fed] please stop and help us understand why this is bad?"