Paul Volcker warns on the dangers of any attempt to release "just a little inflation" to goose...

|By:, SA News Editor
Paul Volcker warns on the dangers of any attempt to release "just a little inflation" to goose the economy: "The danger is that if, in desperation, we turn to deliberately seeking inflation to solve real problems... we would soon find that a little inflation doesn’t work. Then the instinct will be to do a little more." Didn't we learn in the 1970s how that works out?