The danger of stagflation

The monetary policies of Federal Reserve Chairmen Alan Greenspan and Ben Bernanke may have the US economy pointed toward a period of dangerous stagflation, says William Rees-Mogg.

The monetary policies of Federal Reserve Chairmen Alan Greenspan and Ben Bernanke may have the US economy pointed toward a period of dangerous stagflation, says William Rees-Mogg

The American electoral system has never been designed to protect sound finance, and it has become more dangerous as the federal government and the Federal Reserve itself have become more skillful at manipulating the economy of the United States.

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William Rees-Mogg was Editor of The Times from 1967 to 1981. He served as High Sheriff of Somerset and was Chairman of the Arts Council of Great Britain. He was the father of the politicians Sir Jacob and Annunziata Rees-Mogg.