US Needs More Inflation, Say exWhite House advisor and IMF

Courtesy Digg - Business & Finance  Thu, 05/21/2009 - 05:31

What the U.S. economy may need is a dose of good old-fashioned inflation.So say economists including Gregory Mankiw, former White House adviser, and Kenneth Rogoff, who was chief economist at the International Monetary Fund.

They argue that a looser rein on inflation would make it easier for debt-strapped consumers and governments to meet their o

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