Monetary Policy

Market Rally Will Boost Economy Until Debt Crisis Arrives


A massive amount of quantitative easing (money supply inflation) is underway in the U.S. and around the world. The Bank of England, for example, has committed 75 billion pounds ($111 billion U.S.) to purchase government bonds and corporate paper.

How Much Inflation Is There, Really?

Why is U.S. monetary policy continually burdened by economic fallacies? Supposedly, ‘real inflation’, is not a threat as long as wage inflation does not create an inflationary spiral (feedback loop). Nonsense. Irwin Kellner, Marketwatch Chief Economist, correctly argues that it is later than most people think because U.S. inflation has found drivers independent of U.S. wages.

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