CIAO DATE: 05/2009
April 2009
American Enterprise Institute for Public Policy Research
On March 18, Federal Reserve chairman Ben Bernanke intensified the important battle against global deflation with a commitment to expand the Fed's balance sheet by an extra $1.15 trillion. With some luck and persistence, that step could boost growth by a percentage point or more and, even more important, substantially reduce the risk of deflation.
Resource link: The Fed Battles Deflation and Class Warfare [PDF] - 100K