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Oct 18, 2010

Lessons from Bernanke

Most of us have not lived through long periods of deflation, which can devastate consumers, investors and lenders alike. Fed Chairman Ben Bernanke uses history to show why U.S. monetary policy must focus on preventing deflation.
1948
By
Mark Dotzour

Most of us have not lived through long periods of deflation, which can devastate consumers, investors and lenders alike. Fed Chairman Ben Bernanke uses history to show why U.S. monetary policy must focus on preventing deflation.

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