Is There Nothing Wrong With Increasing the Inflation Rate?

Roland Martin: The Fed used to think that if it increased inflation more, the unemployment rate would go down. He says they ended up with stagflation and people were tossed out of work because wages weren't rising fast enough. That's not happening anymore; we're doing better now, he says.Martin: We no longer believe there's any lasting unemployment inflation trade off. And so nobody wants to go there again.