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Fed Monetizing Debt While Yglesias Fiddles

March 19, 2009

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7:43 pm

Daniel Larison

One of the stranger things in recent weeks has been Matt Yglesias’ preoccupation with mockingpeopleconcerned about the inflationary effects of the Fed’s grossly irresponsible, inflationary policies. It’s true that inflationary policies will help debtors, because these policies will ruin the value of the dollar. Perhaps there would be less reason to be concerned about 1970s-era problems if the central bank weren’t making the same disastrous moves made in the 1970s.

about the author

Daniel Larison is a senior editor at TAC, where he also keeps a solo blog. He has been published in the New York Times Book Review, Dallas Morning News, World Politics Review, Politico Magazine, Orthodox Life, Front Porch Republic, The American Scene, and Culture11, and was a columnist for The Week. He holds a PhD in history from the University of Chicago, and resides in Lancaster, PA. Follow him on Twitter.

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