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Opinion

Bernanke’s Prescription for Inflation — Give the Fed More Power

‘In a fiat-money system — one in which money is not backed by a physical commodity such as gold — it is not possible for a central bank to leave asset prices and yields entirely to the free market.’

The former Federal Reserve chairman, Ben Bernanke, in 2015.

The former Federal Reserve chairman, Ben Bernanke, in 2015. AP/Richard Drew

JUDY SHELTONIMAGE

JUDY SHELTON

Tuesday, May 31, 2022

03:15:04 pm

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JUDY SHELTON

Ms. Shelton, an economist, is a senior fellow at the Independent Institute. She is the author of, most recently in the Sun, “God and Money: ‘A Perfect and Just Measure Shalt Thou Have’”; and “War Of Words Over Inflation Stirs Questions for the Fed.”

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