... . Krugman's article ends with the message, "Don't taper, don't tighten, until you can see the whites of inflation's eyes." He makes this allusion to a famous revolutionary War battle, Bunker Hill, meaning to hold off until the moment when it would have the greatest effect, especially in a situation where tools are limited. His inflation argument is a red herring. It is irrelevant ... ...

• Word Count: 855
• Approx Pages: 3
• Has Bibliography
• Grade Level: Undergraduate