Bernanke Calls Krugman "Reckless" For Proposing More Inflation

Reeoow! Establishment economics nerd catfight! (Though we think the good Chairman doth protest too much) -- ``"The question is, does it make sense to actively seek a higher inflation rate in order to achieve" a slightly faster reduction in the unemployment rate, Bernanke said yesterday to reporters after a Federal Open Market Committee meeting. "The view of the committee is that that would be very reckless." ''