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Federal Reserve Chairman Ben Bernanke attends the annual World Bank - International Monetary Fund (IMF) meetings in Washington, DC, October 11, 2013. Bernanke is slated to end eight years as Fed chairman in January.
If you lived through the mid-1970's, you remember how inflation surged to double digits and created havoc in the economy, as people watched prices spiral up and up.
But for several years now, some economists have been arguing that a little inflation is just what the economy needs. Here to explain, Binyamin Applebaum, finance and economics reporter for The New York Times.