Prolonged periods of economic weakness are, with almost no exceptions, associated with falling...

|By:, SA News Editor

Prolonged periods of economic weakness are, with almost no exceptions, associated with falling inflation rates, Paul Krugman writes, so the Fed should do more to pump up the economy. "But what you see instead is many people at the Fed... saying 'Look, we don’t have actual deflation, or anyway not much, so we’re achieving price stability. What’s the problem?'