Archive for April 21st, 2011

Easy Money (2-cont.): Fed Policy Understates Money Growth

Thursday, April 21st, 2011
Easy Money (2-cont.): Fed Policy Understates Money Growth

During the Fed’s easy money policy, official money supply growth looks moderate. Therefore, there seems to be little indication of high inflation risk. However, the easy money policy has caused money supply dislocations. When adjusted for these, money supply growth increases appreciably, thereby raising inflation concerns. Here’s the situation… This article is posted on... »

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