Mercatus Now More Pro-Inflation Than Ben Bernanke

Scott Sumner,the Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center at George Mason University, chides Ben Bernanke for a recent blog post where he appears to not want the Fed to focus on price inflation of over 2%:

Bernanke seems to overlook the fact that even with its current dual mandate there are times where the Fed must pursue an inflation rate higher than 2%. 

 -RW