A few years ago, Bernanke and some colleagues cooked up "inflation targeting" as a new goal for monetary policy, something they prefer to the "full employment, balanced growth and reasonable price stability" of the actual law.
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This is the prisoner's dilemma: if Libby delivers Cheney, he will be better off than if he doesn't. And Cheney knows this now.
If you were Libby, would you be confident that Cheney knows how to get his testimony just right? Because, if he doesn't, then his chances of being around on pardon day go down, do they not?
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