scumache e fed played a key role in holding down inflatio in t 199 but aftethteoratcksof september 11t feopened the monetaryloodgates. was that an overreacon and coulitead toiginflatio the fearhat op have of more rrorism has thrown the economy into dowur in aownturn, oneoesn't worry abouinflatio that's the least of torries because a down means peopleren't buyi peopleren't dending goods and seices d therore there's no upwaressure on ices. there's always a dange at we willrreact to events such as septbe11. there'always aangerat wetpp anlet the money supply drifup. escial whewe've da lo period of very little ition you gecompce and you startaki risks onhe oeride of equatioso i it would be very fooshay inflaon is dead. inatiseverea we have a lot of human histo going cko, i suppose the dawnf civilization but certainly back to the creation of money -- they had ilation in roman times. someeople think thatinatiocontbute to the downfal of t roman empire, but we certainly have ha periods in history ofecadesr evenenries of pce stabilityr declines but in general inatiohas been a current characteris