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While I did see the "egaging" crossfire between Barney Frank and Ben Bernanke about wages, I've missed the rest of it. But Aaron Task over at realmoney.com notes something interesting about The Bearded One:
During Q&A, Bernanke just said: "Growth doesn't cause inflation."
If true, can this also be true (from testimony)?: "economic activity should moderate to a pace close to that of the growth of potential both this year and next. Should that moderation occur as anticipated, it should help to limit inflation pressures over time."
Pour me a shot of Jagermeister and lemme think about it. Better make it a double.