U.S. Inflation: Like a Hurricane!
Nov 7th, 2008 | By Adrian Ash | Category: Economics, Macro Economics
“...Prolonged inflation (and, especially hyperinflation) cannot continue without increases in the monetary base...”
“A country’s long-run inflation is caused primarily, or perhaps exclusively, by increases in its own monetary base,” wrote Richard G. Anderson — a vice-president and senior economist at the Federal Reserve Bank of St. Louis — in a ...read more
