This devaluation and the rapid increase in money supply ... ended the U.S. deflation remarkably quickly.
- Ben Bernanke, Before the National Economists Club, Washington, D.C., November 21, 2002
Bernanke doctrine (5) Depreciate the U.S. dollar. Referring to U.S Monetary Policy in the 1930s under Franklin Roosevelt, he states that.
http://en.wikipedia.org/wiki/Bernanke_doctrine
http://www.federalreserve.gov/boardDocs/speeches/2002/20021121/default.htm
http://finclip.blogspot.com/2002/11/remarks-by-governor-ben-s-bernanke.html
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