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