More on Deflation
Good stuff from Joseph Lawler at the American Spectator, defending Robert Samuelson from, err, Robert Samuelson. He concludes:
No reasonable observer of government activity would believe that it would engage in temporary interventionism. We saw this play out with the bailout: they asked for the power to do implement one very specificly defined measure, and ended up doing whatever they wanted. Why trust those same characters with any more policy tools, and why think they wouldn’t let the inflation genie out of the bottle?