Tag: Fed

Other People’s Money

In response to the question “What is the single best thing Washington can do to jumpstart job creation?” Matt Yglesias writes, “The best step to create jobs and boost the economy would be for the Federal Reserve’s Open Market Committee to announce a plan to target inflation at 3 or 4 percent.” In a follow-up post, he’s even more emphatic: “The actual single best thing Washington can do to jumpstart job creation” is “adopt a higher inflation target.” I’m no economist—the worst grade I got in college was in Econ 101; the professor was a newly hired economist by the name of Ben Bernanke—but I would have thought the single best thing the government could do to create jobs (and […]