epjohnson24

Inflation question no opponent has an answer for

FRED:WM1NS   M1 Money Stock
A lot of the transitory-inflation proponents always point back to history for their argument. Well, now the M1 supply is at unprecedented levels so that argument doesn't hold water for me. This is simple economics so many are ignoring. I think inflation is here to stay, but none of us know what degree of inflation will persist. The Fed knows they're screwed no matter who they try to appeal to.
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