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News Link • Federal Reserve

The Fed Is Risking An Inflation Disaster, And There Will Only Be One Place To Hide

• Business Insider

The Fed, of course, recently adopted Evans Rule, which indicates that tightening won't occur until unemployment gets to around 6.5%, or inflation expectations are around 2.5%. The Bank of Japan is expected to see a new round of aggressive policy, thanks to the wishes of incoming Prime Minister Shinzo Abe.

While markets seem to be pretty happy about it all (ESPECIALLY in Japan) Zervos thinks it will end in uncontrollable inflation, like in other past Keynes-inspired experiments.

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