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Deflation
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The Federal Reserve has been very aggressive in the past few years cutting interest rates in an attempt to boost the economy. They've been actively guarding against inflation in the US - but what if the problem is deflation?Guests:
Greg Ip, Economics Reporter for The Wall Street Journal
Jeff Madrick, Columnist for The New York Times and Author of "Why Economies Grow."
This program aired on November 7, 2002.