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Simon Johnson observes that the Federal Reserve's policy of "quantitative easing" of monetary policy is a necessary step to combat deflation and rescue the economy.
RELATED INTERVIEWS
How Imminent is the US Budget and Debt Crisis? April 24, 2012
A New Consensus at the Fed? November 3, 2011
Discord at the Fed over Monetary Policy August 31, 2011
What Should the Fed Do? August 11, 2011
A Weak Deal in Washington but Hypocrisy Abroad August 9, 2011
Averting Default, the United States Faces More Obstacles August 3, 2011
Is a Downgrade Still Justified for the United States? August 2, 2011
The Debt Limit Debate Is a Distraction July 27, 2011
The Default Debate, Markets, and Selling Gold July 20, 2011
Debt Limit Accord Should Include Budget Issues July 15, 2011