Fed Officials 'Really Don't Care' About Inflation

by JASmius

Gee, really? What was your first clue?

Federal Reserve officials aren't truly concerned about inflation now, as they focus on preventing another economic downturn, says Harvard economist Kenneth Rogoff.

"You've just gone through this epic recession; inflation has been below target for a really long time," he told CNBC.

"If inflation goes above target, [Fed officials] are going to say they care, but they really don't care. The big game here is not to have another double dip, not to cause problems."

Or, more to the point, keep recognition of the permanent, artificially-engineered economic depression from seeping into the public's collective consciousness.  Which a "double-dip" recession (and yes, you can have economic fluctuations during a depression) would make dramatically more difficult.  That and keep monetizing the runaway national debt.  All of which will lead to the same basic terminus anyway, the only variation being in the path and the rapidity with which the Final Collapse will be brought about, opening the door for the coup de tat formally clinching Obamerikastan's irredeemable "fundamental transformation" under Barack Obama's permanent, tyrannical rule.

That's more likely to come from the chaos following sudden austerity, but a hyperinflation event - guaranteed to be explosive by the sheer magnitude of American debt and the logarithmic rate at which we are monetizing it (because there are no buyers with interest rates at zero, or anywhere short of double digits) - would at least leaven the cataclysm with a smidge of variety.

Wouldn't hurt the wheelbarrow industry, either.