The NYT Fails to Tell Readers About UK Inflation

The NYT has an interesting piece discussing Adam Posen, a U.S. citizen who sits on the Bank of England's monetary policy committee. It reports Posen's view that the Bank of England and other central banks should taje aggressive actions to boost the money supply in order to support growth. It contrasts this view with the concerns of inflation raised by others, noting that inflation in the U.K. has been 4.5 percent over the last 12 months.

The piece then presents Posen's assertion that...