Author: Gerald Holtham


Focus: Money and Inflation

  • Money growth has surged in most economies, the result of aggressive quantitative easing.
  • If money growth is a harbinger of inflation, that would be concerning.
  • In high-inflation 1970s and 80s, money growth was believed inevitably to cause inflation.
  • However, experience since 2000 does not seem to support that view.
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