Professor Krugman has a gift for us in the NYT. It is a free elementary economics lesson.
The Federal Reserve of the United States of America has two main goals. Protect American workers from unemployment, and protect American Bankers from inflation, which will make their financial capital worthless.
From reading the article I conclude that the "bullies," i.e. the bankers, have scared the professor, Ben Bernanke.
I thank you, professor Paul Krugman.
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