Robert Parry
Robert Parry
bank cash federal good insurance insure money
I don't think it's a good idea to take a lot of cash out of your bank and put it under your mattress. Why? Because the Federal Deposit Insurance Corp. does insure up to $100,000 of your money in the bank -- but it doesn't insure your mattress.
arguing inflation longer monetary point reached restraint risky seem sit stage wait
It's risky just to sit back and wait for inflation to show up before we do something, ... One point arguing for monetary restraint is that we seem to have reached a stage where inflation is no longer falling.
assume averages funds inflation maybe natural rate
Let's assume inflation averages 1 to 2 percent. Then you could see maybe the natural funds rate would be -- I don't know -- 3.5 percent, something like that,
conscience felt social society strongly
He felt very strongly that society should have a social conscience.