Amity Shlaes, chairman of the Calvin Coolidge Memorial Foundation, wrote in an e-mail:Brad DeLong has more.
“Inflation could come, and many of us are concerned that the nation is not prepared.”
“The rule with inflation is ‘first do no harm.’ So you always want to be careful.”
Thursday, October 02, 2014
Amity Schlaes, perhaps the last public defender of Herbert Hoover's economic policies, is asked by Bloomberg News about the infamous 2010 "Glenn Beck" letter by experts & pundits warning of terrible inflation in the near future. Schase, like Beck, says her dire prediction was essentially atemporal:
Posted by Steve J. at 8:10 PM